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Home›State Acts›The Karnataka Micro Loan and Small Loan›section 5

section 5

Lending Norms

The Karnataka Micro Loan and Small Loan
Finance202520 sections
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Statutory text

The Government may, by notification, specify the lending norms, collection and recovery practices.

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Contents

20 matching sections

  1. 0Preamble
  2. 1Short title, commencement and application
  3. 2Definitions
  4. 3Registration of Micro Finance Institute or Money Lending Agencies or Organizations or Lender
  5. 4Power to cancel or suspend Registration
  6. 5Lending Norms
  7. 6Micro Finance Institutions or Money Lending Agencies or Organizations or Lender not to seek security
  8. 7Transparency in rates of interest charged by Micro Finance Institutions or Money Lending Agencies or Organizations or Lender
  9. 8Penalty for coercive actions against Micro Finance Institutions (MFI)
  10. 9Power to require production of records or documents and power of entry, inspection and seizure
  11. 10Complaints
  12. 11Appointment of an Ombudsperson
  13. 12Grievances redressal forum
  14. 13Penalty for contravention of section 8 of the Act
  15. 14Every officer to be public servant
  16. 15Relief to borrower from coercive action by the unlicensed and unregistered Micro finance institutions or Money Lending Agencies or Organizations or Lender
  17. 16Power to remove difficulties
  18. 17Power to give directions
  19. 18Power to make rules
  20. 19Repeal and savings
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