Microlending Act definition
Examples of Microlending Act in a sentence
The Lender accordingly reserves the right to increase/decrease the interest rate at any time should the Prime Lending Rate change, and in compliance with the Microlending Act and Regulations.
Microlenders are regulated under the provisions of the Microlending Act.
The microlender must, at every licensed premises where the microlender conducts the microlending business – keep available a copy of the Microlending Act, 2018 (Act No. 7 of 2018) (“the Act”), the regulations and the standards issued under the Act which must, on request, be made available to the loan applicant or borrower for perusal.
At the centre of the lawsuit is the Microlending Act of 2018 which aims to promote responsible borrowing and lending.
SCHLETTwEINMINISTER OF FINANCE Windhoek, 20 September 2018 MINISTRY OF FINANCENo. 263 2018 REGULATIONS RELATING TO MAXIMUM PENALTY INTEREST CHARGEABLE BY MICROLENDERS IN EVENT OF DEFAULT BY BORROWERS: MICROLENDING ACT, 2018 Under section 36(1)(e) of the Microlending Act, 2018 (Act No. 7 of 2018), I have made the regulations set out in the Schedule.