Nov 21, 2017 Last Updated 10:16 AM, Nov 8, 2017

The Minister of Finance & the Public Service

The Honourable Minister Audley Shaw CD, MP, Minister of Finance and the Public Service. He is a graduate of Northern Illinois University (NIU) with a Bachelor of Arts and Master of...

Minister of State in the Ministry of Finance and the Public Service

The Honourable Rudyard Spencer, CD, MP is Minister of State (Public Service), with the Ministry of Finance and Public Service. Minister Spencer studied Industrial Relations at Medg...

Minister of State in the Ministry of Finance and the Public Service

The Honourable Fayval Williams, MP, is Minister of State in the Ministry of Finance and the Public Service. Minister Williams is a Chartered Financial Analyst (CFA), and holds an M...

What documents are needed to process exemptions from the MLA?

Companies seeking exemption from the provisions of the Moneylending Act are required to submit a letter of application to the Financial Secretary of the Ministry of Finance, accompanied by the following information and documentation in duplicate:

  1. Certified copy of the company’s Articles of Incorporation or Memorandum and Articles of Association;
  2. Certified copy of the Certificate of Incorporation;
  3. TRN numbers (of the company and each of the directors);
  4. List and profile of the company’s directors;
  5. Valid Tax Compliance Certificate;
  6. Audited financial statements for the last financial year;
  7. Details of the types of loans made to borrowers and the terms and conditions of such loans (including interest rates charged, tenure of the loan, processing fees, etc.);
  8. Default and Recovery Policy;
  9. Loan Disbursement Report including name of borrower, purpose of the loan, amount of loan, tenure and interest rate charged;
  10. Types and nature of securities required to cover loans granted;
  11. Minimum and maximum limits relating to loans made by the Company;
  12. Detailed outline of the nature and activities of the business;
  13. Copy of Loan Agreement;
  14. Source of fund
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