The Maharashtra Money Lending ( Regulation) Act & Rules 2014

This practical companion to the Maharashtra Money Lending (Regulation) Act, 2014 and its Rules breaks down state regulation of private lending into operational guidance for lenders, borrowers, lawyers and regulators. Beginning with scope, definitions and who qualifies as a ‘moneylender’, the book explains registration/licensing formalities, fitness criteria, and obligations to maintain registers and periodic returns. Core chapters analyse permissible interest and fee structures, disclosure duties to borrowers, documentation standards for enforceable loans, and statutory limits on recovery practices. The guide sets out step-by-step repossession and auction procedures (notice, inventory, auction conduct and sale proceeds distribution), remedies available to borrowers (redressal and penalty for illegal lending), and the enforcement and inspection powers of authorities. Compliance checklists, model loan agreements, demand/possession/auction notices, sample board/registrar correspondences and worked examples of interest computation simplify day-to-day operations. Special sections address NBFC/co-operative interactions, cross-border lending nuances, anti-harassment rules and dispute resolution options (consumer courts, civil remedies). Designed to turn regulatory text into immediately usable templates and workflows, the book helps lenders avoid penalties and protects borrowers from unlawful practices while improving transparency in the lending ecosystem.