Prohibition of unsolicited loans

(1) No moneylender shall– (a) grant a loan to any person; 31 (b) grant approval to any person to obtain a loan from the moneylender; or (c) send or deliver, directly or indirectly, any article or document to any person on an undertaking by the moneylender that such article or document, when used or produced in a specified manner, enables a loan to be obtained from the moneylender, without the person having first applied to the moneylender in writing for the loan. (2) Any moneylender who contravenes sub-section (1) commits an offence and is liable on conviction to a fine not exceeding fifty thousand dollars or to imprisonment for a term not exceeding six months or to both.