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MONEY LENDING Cap. 90 CHAPTER 90 MONEY LENDING AN ORDINANCE TO PROVIDE FOR THE BETTER REGULATION OF MONEY-LENDING Ordinance No.2ofl918, TRANSACTIONS, AND THE PROHIBITION OF THE CARRYING ON OF THE
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What is money lending?
Money lending is the act of providing loans to individuals or organizations in exchange for interest payments.
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Individuals or organizations that provide loans and charge interest are required to file money lending.
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The purpose of money lending is to provide financial assistance to individuals or organizations in need of funds.
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Information such as the amount of loans given, interest rates, terms of repayment, and any other relevant details must be reported on money lending.
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