Hong Kong Ordinances

MONEY LENDERS ORDINANCE - SECT 23

Loan etc. not recoverable unless money lender licensed

No money lender shall be entitled to recover in any court any money lent by
him or any interest in respect thereof or to enforce any agreement made or
security taken in respect of any loan made by him unless he satisfies the
court by the production of his licence or otherwise that at the date of the
loan or the making of the agreement or the taking of the security

(as the case may be) he was licensed: Provided that if the court is satisfied
that in all the circumstances it would be inequitable if a money lender who
did not satisfy it that he was licensed at the relevant time was thereby not
entitled to so recover such money or interest or to enforce such agreement or
security, the court may order that the money lender is entitled to recover
such money or interest or to enforce such agreement or security to such
extent, and subject to such modifications or exceptions, as the court
considers equitable. (Added 69 of 1988 s. 19)