Amendment status not verified — confirm the current text below against the official source.
Suits and applications by unregistered money lenders barred.— Notwithstanding anything contained in any other law for the time being in force,— (i) a suit by a money lender for the recovery of a loan; or (ii) an application by a money lender for the execution of a decree relating to a loan; or (iii) an application for resolution of dispute through a Lok Adalat or Mamlatdar, shall be dismissed, unless at the time when the loan was advanced, the money lender held an effective registration under this Act. CHAPTER V Accredited Loan Providers