Section 1 – Bank licences -
1.1 What licences or approvals do lenders need to have if lending to a borrower in this jurisdiction if a) the lender is a bank or b) the lender is not a bank?
Under the Money Lenders Ordinance (Cap. 163) (MLO), a lender must obtain a money lender’s licence, unless such lender: (i) is an exempted person; or (ii) makes an exempted loan (see section 1.2).
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