Contracts Act (Cap. 53): Primary legislation governing contract formation, validity, contractual obligations and remedies in Singapore. Essential for the basic structure and enforceability of the loan agreement.
Banking Act (Cap. 19): Regulates banking practices including lending, licensed bank requirements, and interest rate regulations. Critical for ensuring compliance with Singapore's banking regulations.
Moneylenders Act (Cap. 188): Governs money lending practices, including interest rate caps and licensing requirements. Applicable if the lender falls under its scope.
Consumer Protection (Fair Trading) Act: Protects consumer interests and regulates unfair practices. Relevant if the borrower is a consumer rather than a commercial entity.
Bankruptcy Act (Cap. 20): Covers creditor rights and security enforcement in cases of bankruptcy. Important for understanding remedies available in default scenarios.
Property Law: Relevant when loans are secured by real property, covering mortgages and charges. Essential for secured lending transactions.
Companies Act (Cap. 50): Governs corporate borrowers, including corporate authority requirements and registration of charges. Critical for loans to corporate entities.
Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data, including consent requirements for handling borrower information.
Stamp Duties Act: Determines documentary stamp duty requirements applicable to loan agreements and related documents in Singapore.
MAS Guidelines: Regulatory guidelines from the Monetary Authority of Singapore covering banking regulations, credit facilities, and fair lending practices.
