According to Circular 432 on August 16, banks and financial institutions are prohibited from conducting off- and on-balance sheet financial and nonfinancial operations with individuals or companies that are not on the Central Bank's lists of authorized money dealers or
money lenders and that are active in either business.
However,
money lenders do not fall within its ambit.
A COUPLE who found themselves under pressure from street
money lenders turned to shoplifting, a court heard.
An investigator from the Trading Standards' Loan Shark Team, which carries out operations across the Midlands, said one illegal
money lender from Birmingham who had recently been jailed charged as much as 8,000 per cent interest.
Her husband Paul, 25, swallowed 60 dothiepin tablets - prescribed as antidepressants -in November 2002 after being charged extortionate interest on a loan by a
money lender.
a full-service private
money lender specializing in trust deed secured real estate lending, is expanding its services across the country.
Riverdale Funding is a private hard
money lender that specializes in providing a variety of nontraditional commercial loans for commercial real estate investors, throughout the United States.
Among the latest to be apprehended by the police are a
money lender in Pandalam who had a full-fledged parking area to park different kinds of vehicles pledged for the money he advanced, and a school headmaster in Palakkad district.
Joanne Waller, Durham County Council's head of environment, health and consumer protection, said: "We would encourage anyone who has been a victim of an illegal
money lender to report them to the confidential hotline.
Summary: A
money lender is suspected of killing two young men who were found dead inside a vehicle in the Kesrouan area of Maameltein.
A DON'T go near the
money lender under any circumstances.
I would encourage anyone who has a loan from an illegal lender or knows of anyone operating or in the grip of an illegal
money lender to contact the unit.
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