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bruneilawsby aturio
In force2019 Revised Edition
Contents

2. Interpretation

In plain English

In this Act, the authority means the monetary authority. A moneylender is any person who habitually lends money at interest. This excludes the government, licensed banks, licensed finance companies and certain international banking licensees. A person proved to have lent money at interest on one occasion is treated as lending habitually unless proved otherwise.

Summary · Drafted with AI, checked against the official text on 30 Sep 2026.

(1)

In this Act —

“Authority” means the Autoriti Monetari Brunei Darussalam established by the Autoriti Monetari Brunei Darussalam Order,

2010 (S 103/2010);

“moneylenders” means any person who habitually lends money at interest:

Provided that this expression shall not include the Government or a bank licensed under section 4 or 23 of the Banking Order,

2006 (S 45/2006), a finance company licensed under section 6 of the Finance Companies Act (Chapter 89) or a licensee within the meaning of the International Banking Order, 2000 (S 53/2000).

[S 53/2000; S 45/2006; S 103/2010]

(2)

A person who is proved to have lent money at interest on one occasion shall, until the contrary be proved, is deemed to have habitually lent money at interest.

Report

Read on from s 3