MONEY LENDING, MORTGAGE OR SALE? THE DO'S AND DON'TS IN MONEY LENDING
MONEY LENDING, MORTGAGE OR SALE? THE DO'S AND DON'TS IN MONEY LENDING Abstract M oney lending business today continues to be highly infested with lawless participants and masquerading business men purporting to be money lenders whereas not. accordingly, many people and lawyers inclusive have found it quite puzzling to draw a line between which law should most appropriately apply to the particular set of facts imminent to them; whether the mortgages Act, 2009 or if the transaction is governed by Tier 4 Microfinance Institutions and Money Lenders Act, 2016. The complexity comes with the fact of consistency of the on-going trickery between people purporting to be money lenders without a license. Confusion remains prevalent today on who is who in a situation bearing facts of purported money lending, with signed transfer forms deposited. Below here is an attempt to address this issue. It also provide quick notes on what is and what should not be done by a