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MAHARASHTRA MONEY-LENDING (REGULATION) ACT, 2014
Section
Section Title
INTRODUCTION
1
Short title extent and commencement
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2
Definitions
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3
Application for licence
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4
Appointment of Registrar General and other officers to assist him
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5
Money-lender not to carry on business of money-lending except for area under licence and except in accordance with terms of licence
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6
Grant of licence and entry in register
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7
Register of money-lenders
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8
Refusal of issue of licence
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9
Revisionary powers of Registrar General
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10
Term of licence
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11
District Registrar's power to cancel licence
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12
Levy of inspection fee
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13
Suits by money-lenders not holding licence
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14
Application for cancellation of licence
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15
Registrar General and his subordinates to have powers of Civil Court
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16
Power of authorized officer to require production of records or documents
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17
Disposal of property pledged with money-lender carrying on business of money-lending without valid licence
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18
Return of immovable property acquired in course of money-lending
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19
Court's power to cancel or suspend licence
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20
No compensation for suspension or cancellation of licence
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21
Persons debarred from doing money-lending during period of suspension or cancellation of licence
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22
Person whose licence is suspended or cancelled not to apply without giving particulars of endorsement or of disqualification
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23
Promissory note, Bond, etc., to be factual
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24
Duty of money-lender to keep accounts and furnish copies
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25
Delivery of statements of accounts and copies thereof by money-lenders
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26
Fees for certain statements supplied to debtors and Assistant Registrar
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27
Debtor not bound to admit correctness of accounts
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28
Procedure of Court in suit regarding loans
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29
Power of Court to limit interest recoverable in certain cases
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30
Power of Court to direct payment of decretal amount by installment
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31
Limitation on rates of interest
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32
Prohibition of charge for expenses on loans by money-lenders
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33
Assignment of loans
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34
Application of Act as to assignees
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35
Re-opening of transactions
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36
Inquiry for taking accounts and declaring amount due
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37
Deposit in Court of money due to money-lenders
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38
Calculation of interest
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39
Penalty for doing money-lending without valid licence
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40
Penalty for making false statement
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41
Obtaining licence under fictitious name, carrying on money-lending at a place not mentioned in licence, etc
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42
Penalty for wrong entry in promissory note, Bond etc
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43
Penalty for contravention of section 24 or 25
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44
Penalty for charging rate of interest in contravention of section 31
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45
Penalty for molestation
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46
General provisions regarding penalties
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47
Offences by corporations, etc
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48
Certain offences to be cognizable
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49
No arrest and imprisonment in execution of decree for money against agricultural debtors
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