Money Lending

1. Definition of money lending is the process of lending money to a borrower with the consideration of a larger sum being repaid to him. A licensed money lender is a person who conducts the above with a valid license obtained  from the enforcement agency , and follows the regulations  stipulated in the Money Lending ACT .
2. Benefits of membership :
    a) MPLMA is a recognized body in KPKT , and acts as an official association for Malaysian Money Lenders.
    b) Our Legal team serves as advisory board for all registered members
    c) Seminar & Workshop held under MPLMA to furnish members on the latest requirements of enforcement agencies & also provide constant training for Money Lending operations.
3. Our members are able to share and access the “bad debtors” database  via our website .