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srilawsby aturio
As enacted
Contents

Part IV · Moneylenders

30. Upon cancellation, moneylender to surrender the licence

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

Whenever, a licence has been cancelled by the

Authority under subsection (1) of section 28 or subsection (2) of section 29, the moneylender shall forthwith surrender the licence to the Director-General, and the moneylender shall remove any material in its places of business which advertises that such moneylender is a licensed moneylender.

(2)

Refusal to renew a licence under subsections (1) and (2) of section 27 or cancellation of a licence under subsection (1) of section 28 shall not affect any moneylending agreement entered into, before such refusal or cancellation and shall not affect any such moneylender from recovering any loan granted during the tenure of the licence.

(3)

The refusal to grant or renew a licence under section 27 or cancellation of a licence by the Authority under section 28 shall not affect or prejudice the institution or maintenance of any action against such moneylender under this Act or any other written law.

Read on from s 31

Part V

Microfinance Business

Read on from Part V

Part VI

Regulation of Moneylenders and microfinance institutions

Read on from Part VI

Part VII

Examination of A Licencee

Read on from Part VII

Part VIII

Customer Protection

Read on from Part VIII

Part IX

Investigation of Offences

Read on from Part IX

Part X

Offences and Penalties

Read on from Part X

Part XI

Finance

Read on from Part XI

Part XII

General

Read on from Part XII

Part XIII

Transitional Provisions

Read on from Part XIII

Schedules