Banking Act (Cap. 19): Primary legislation governing banking institutions and their activities in Singapore, including regulations on loan transactions and transfers
Securities and Futures Act (Cap. 289): Regulates financial products and services, particularly relevant if the loan sale involves securitization or is part of a larger financial instrument
Moneylenders Act (Cap. 188): Governs money lending activities in Singapore, relevant when the original loan was provided by a licensed moneylender
Contract Law (Application of English Law Act): Establishes the application of English contract law principles in Singapore, fundamental for the agreement's structure and interpretation
Civil Law Act (Cap. 43): Provides the basic framework for civil matters including contract law principles in Singapore
MAS Guidelines on Assignment of Loans: Regulatory guidelines from the Monetary Authority of Singapore specifically addressing loan assignment procedures and requirements
MAS Notice 632: Specific notice from MAS governing loan sales and purchases, including documentation and reporting requirements
Singapore Code of Corporate Governance: Guidelines for corporate governance practices, relevant for institutional parties involved in the loan purchase and sale
PDPA Compliance: Personal Data Protection Act requirements for handling borrower information during loan transfers
Banking Secrecy Provisions: Legal requirements regarding confidentiality of banking customer information during loan transfers
Notice Requirements: Legal obligations regarding notification to borrowers about the loan sale and transfer
Consent Requirements: Regulations governing when and how to obtain necessary consents from borrowers or other parties
Anti-Money Laundering Requirements: Compliance requirements with AML regulations during loan transfers, including due diligence on parties involved
