The Money-Lenders Act, 1933

( ACT NO. VII OF 1933 )

[ 26th October, 1933 ]
1♣An Act to provide more effectual control of money-lending in Bangladesh.

 
WHEREAS it is expedient to make better provision for the control of money-lending and to give additional powers to Courts to deal with money-lending in Bangladesh.
 
 
[* * *] It is hereby enacted as follows:-
 
 
 

CONTENTS

SECTIONS

1. Short title, extent and commencement

2. Definitions

3. Presumption in case of certain loans

4. Power to limit interest recoverable in certain cases

5. Maximum rate of interest recoverable under a contract which provides for the payment of compound interest

6. Bar to recovery of interest exceeding the principal

7. Money-lender to supply debtor with particulars of loan

8. Failure to supply particulars under section 7

9. Deposit in Court of money due to money-lender

10.Rules