The Moneylenders Act – Purpose and Legislative Intent The MLA was enacted in Singapore in 1936 as the Moneylenders Ordinance (Cap 193, 1936 Ed) and was modelled upon the English Moneylenders Acts of 1900 (63 & 64 Vict, c 51) (UK) and 1927 (17 & 18 Geo. 5, c 21) (UK).  In Litchfield v Dreyfus 1 KB 584, Farwell J observed that the object of the English legislation was intended “to save the foolish from the extortion of a certain class of the community who are called money-lenders as an offensive term”. These comments echo the views which the English … Continue reading Singapore Moneylenders Act