Moneylenders in Europe
Definition of Moneylenders
Any person whose business is that of moneylending or who advertises or announces himself or holds himself out in any way as carrying on that business ; but does not include pawnbrokers, friendly societies, bodies authorised by law to lend money, bankers, or bodies exempted by the Board of Trade (Moneylenders Act, 1900, s. 6).
The Act of 1900 provides that every moneylender must be registered and carry on business in one name only and only at his registered address or addresses; and that the Courts may re-open transactions between him and his clients. The Moneylenders Act of 1911 protects bona fide holders without notice of securities taken by moneylenders
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Definition of Moneylenders is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.
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