Description: Incorporated in December 1999, The Hong Kong S.A.R. Licensed Money Lenders Association Ltd. (LMLA) is a self-regulatory association for the money lending business with longest history in Hong Kong.
money lenders (5) lmla (2) licensed money lenders association limited (1) 香港持牌放債人公會有限公司 (1)
Incorporated in December 1999 with the witness of Secretary for Justice of HKSAR, Miss Elsie Leung Oi-sie, GBM, JP, The Hong Kong S.A.R. Licensed Money Lenders Association Ltd. (LMLA) is a self-regulatory association for the money lending business with longest history in Hong Kong. Currently, members of LMLA include most of the active money lenders with extensive branch network and/or significant market share in the industry. The fundamental objectives of LMLA are to unite all players to work for the better
One of the objectives of the Code of Practice is to increase the transparency in the provision of money lending services so as to enhance the understanding of customers of what they can reasonably expect of the services provided by members, and it is expected that good money lending practices can be promoted through the setting out of the minimum standards which members should follow in their dealings with customers. Last but not least, the Code also promotes stronger corporate culture of treating customers
Established in Dec of 1999, the Licensed Money Lenders Association Ltd. (LMLA) is a non-profit and non-political organization.