Hong Kong Ordinances

MONEY LENDERS ORDINANCE - SECT 26

Restriction on money-lending advertisements

PART V

GENERAL

(1) A money lender shall not for the purpose of his business as a money lender
issue or publish or cause to be issued or published any advertisement,
circular, business letter or other similar document which does not show the
name of the money lender as specified in his licence in such manner as to be
not less conspicuous than any other name. (Amended 69 of 1988 s. 22)

(2) Where any advertisement, circular, business letter or other similar
document issued or published by or on behalf of a money lender purports to
indicate the terms of interest on which he is willing to make loans or any
particular loan, such advertisement, circular, business letter or other
document shall show the interest proposed to be charged-

   (a)  subject to section 24(1), as a rate per cent per annum; and

   (b)  in such manner as to be not less conspicuous than any other matter
        mentioned therein.

(3) A money lender or any other person shall not for the purpose of the
money lender's business as a money lender issue or publish or cause to be
issued or published any advertisement which does not clearly show the words
"Money Lender's Licence No." immediately followed by the number of the licence
of the money lender. (Replaced 69 of 1988 s. 22)

(4) For the purposes of subsection (1) and section 29(9), the name of the
money lender as specified in his licence shall be deemed to include any change
by law of the name of the money lender, irrespective of whether his licence
specifies the new name. (Added 69 of 1988 s. 22)