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 .