Section 3: Suits and applications by money-lenders barred, unless moneylender is registered and licensed

The Himachal Pradesh Registration of Money-lenders’ Act, 1976State Act of Himachal Pradesh · Act 19 of 1976

Notwithstanding anything contained in any other enactment for the time being in force a suit by a money-lender for the recovery of a loan, or an application by money-lender for the execution of a decree relating to a loan, shall, after the commencement of this Act, be dismissed, unless the money-lender, at the time of the institution of the suit or presentation of the application for execution or at the time of decreeing the suit or deciding the application for execution,-

(a) is registered; and

(i) holds a valid licence, in such form and in such manner as may be prescribed; or

(ii) holds a certificate from a Commissioner granted under section 10, specifying the loan in respect of which the suit is instituted, or the decree in respect of which the application for execution is presented; or

(b) if he is not already a registered and licensed money-lender, satisfies the court that he has applied to the Collector to be registered and licensed and that such application is pending:

Provided that in such a case, the suit or application shall not be finally disposed of until the application of the money-lender for registration and grant of licence pending before the Collector is finally disposed of.

Where this provision sits

Act	The Himachal Pradesh Registration of Money-lenders’ Act, 1976
Section	3
Marginal note	Suits and applications by money-lenders barred, unless moneylender is registered and licensed
Jurisdiction	State of Himachal Pradesh
Status	In force as published by the source

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