The Mental Capacity Act was enacted in 2008, and provides a legal framework for a person to make decisions for another person, aged 21 years or older, who lacks the mental capacity to make decisions for himself. This can be effected through: A Lasting Power of Attorney (LPA), which allows…
Posts written by Rui Lin Tay
Protecting Borrowers From Moneylenders: What You Need To Know
On October 1, 2015, new regulations took effect for licensed non-bank moneylenders in Singapore regarding interest rates, unfair lending practices, unfair contracts and fees. Amongst these regulations were: an upfront administrative fee of not more than 10 per cent of the loan principle, when there was previously no stipulated upfront…
