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In Bangladesh, money lending is primarily regulated by the following laws:

  1. Money Lenders Act, 1940: Requires money lenders to be licensed and regulates interest rates.

  2. Contract Act, 1872: Governs the legality and enforceability of loan agreements.

  3. Negotiable Instruments Act, 1881: Deals with promissory notes, bills of exchange, and cheques used in loan transactions.

  4. Artha Rin Adalat Ain, 2003: Establishes courts for the recovery of loans by financial institutions.

  5. Microcredit Regulatory Authority Act, 2006: Regulates microfinance institutions, including interest rates and recovery practices.

  6. Financial Institutions Act, 1993: Governs the operations of non-banking financial institutions providing loans.

These laws ensure that loans are provided legally, interest rates are fair, and both lenders and borrowers have legal protections.

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