Prohibition of certain advertisements

(1) No moneylender shall engage in advertising likely to mislead the public concerning– (a) the relationship of the moneylender to the Financial Secretary, and Ministry or Department of Government, the Central Bank of Belize or any department or official thereof; (b) the interest rate and charges levied on loans; and (c) the financial condition of the moneylender. 34 (2) Every moneylender who contravenes sub-section (1) of this section, commits an offence and is liable on summary conviction to a fine of not less than one thousand dollars and not exceeding ten thousand dollars, and on a second or subsequent conviction, the court may, in lieu of or in addition to ordering the offender to pay the penalty aforesaid, order him to be imprisoned for a period not exceeding six months, and an offender being a company is on a second or subsequent conviction liable to a fine of fifty thousand dollars.