State Act

THE UTTAR PRADESH REGULATION OF MONEY-LENDING ACT, 1976

13- (1) Every money-lender shall - (a) mention or cause to be mentioned in every document evidencing a loan advanced by him in the course of his money-lending business – (i) the true principal amount ; and (ii) his registration number; (b) maintain such accounts, forms and registers as may be prescribed, and furnish to the Registrar such periodical returns as may be prescribed; (c) issue to the debtor or his agent a receipt attested by at least one witness for every payment made by him ; and (d) on payment of the prescribed charges, furnish to the debtor such documents or yearly statements of accounts as may be prescribed. (2) A debtor to whom a document or statement of account has been furnished under clause (d) sub-section (1), shall not be bound to acknowledge or deny its correctness, and his failure to do so shall not, by itself, be deemed to be an admission of the correctness thereof.