Civil Law Act (Cap. 43): Primary legislation governing contracts and guarantees in Singapore, including requirements for written contracts and their enforcement
Contracts Act (Cap. 53): Fundamental law governing contract formation, validity, and parties' rights and obligations in Singapore
Moneylenders Act (Cap. 188): Regulates moneylending activities, including interest rates, loan terms, and specific requirements for guarantors in moneylending transactions
Banking Act (Cap. 19): Regulates banking institutions and their lending practices, including requirements for guaranteed loans from licensed banks
Personal Data Protection Act 2012 (PDPA): Governs the collection, use, and disclosure of personal data, including consent requirements for guarantors' information
Consumer Protection (Fair Trading) Act: Ensures fair trading practices and protects against unfair practices in consumer transactions, including loan agreements
Capacity Requirements: Legal requirements regarding the mental capacity and legal standing of parties entering into a guarantee agreement
Guarantee Terms: Essential requirements for clear and unambiguous terms defining the scope and nature of the guarantee
Liability Provisions: Specifications regarding the extent and limitations of the guarantor's liability under the agreement
Notice Requirements: Legal obligations for providing notices to guarantors regarding changes in loan terms or default situations
Default Provisions: Requirements for clearly stating consequences and procedures in case of default by the primary borrower
Termination Conditions: Legal requirements for specifying conditions under which the guarantee can be terminated or discharged
