A Guide For Private Money Lenders (Part 4)

A Guide For Private Money Lenders (Part 4)


Private hard money lenders are the most important people to establish a relationship with in the real estate industry – at least if you want to run a sustainable business. The Money Lender by Manju Nambiar is a collection of 4 short stories from the south of India, depicting the incidences faced by the protagonist, a money lender by profession, Singapore Licensed Money Lender named Uncle Scrooge by his townsmen, for his love of money, during his professional dealings with the people.

Moneylender is an increasingly popular search term as both Singaporeans and foreign workers alike are looking into avenues outside the banking institutions to cope with their financing needs amid inflation and greater economic uncertainties in Singapore.

And any person acting in contravention of any of the provisions of this section shall be liable to indemnify any other person who is prejudice by the contravention and shall also be guilty of an offence against this Act and shall in respect of each offence be liable to imprisonment for a term not exceeding one year or to a fine not exceeding two hundred dollars or to both such imprisonment and fine.

Further, under the Moneylenders Act, The Court has the power to set aside a loan transaction and order a licensed moneylender to pay back any excess payment where either (1) the interest or late interest is excessive and/or (2) the transaction is unconscionable or substantially unfair.

Since, in 1231, Montfort was not yet Earl of Leicester, had no henchmen and very little money (and was probably in debt to the Jews himself, having belatedly received the loan from Cousin Ranulf), it is very unlikely that he accomplished this expulsion solely with his own powers.