Display of licence and information

Every moneylender shall display in a conspicuous and prominent position that is clearly visible to the public at or in each place of business– (a) the licence issued in relation to the moneylending business; and (b) a sign bearing the effective annual rate of interest charged and all other fees, costs, charges and expenses levied on loans. (2) Any person who contravenes sub-section (1) commits an offence and is liable on summary conviction to a fine not exceeding fifty thousand dollars, or to imprisonment for a term not exceeding two years, or to both. 35