Regulatory Alerts2017-11-28
Moneylenders Regulations, 2017
The Registrar of Belize, approved by the Minister of Finance, issued these regulations to govern the licensing, operations, and enforcement standards for moneylenders and pawnbrokers under the Moneylenders Act. The document establishes strict caps on interest rates, late interest, and permissible fees, while mandating comprehensive recordkeeping, reporting obligations, and compliance inspection contributions. It further defines disciplinary measures, including administrative penalties and license revocation, alongside specific procedures for enforcement actions and appeals.
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