English title translated by Policy Nepal for navigation. The Nepali legal text is authoritative.
- Type
- Act
- Year
- २०८० BS
- Status
- Status not yet confirmed
- Official text
- Official page
Analysis drawn from official reports, court rulings and published research, each cited. Figures are being double-checked against the source documents; corrections are welcome.
What does it do?
- This Act makes 'unfair lending' a crime by amending the National Civil Code, the National Civil Procedure Code, the National Penal Code and the National Criminal Procedure Code, all of 2074. A new Section 249क of the Penal Code lists unfair lending acts, including writing a loan deed for money never lent or for more than was lent, adding interest to principal in a deed, charging interest above the principal, refusing receipts for repayments, threatening or abusing borrowers to recover loans, and taking a borrower's land on the basis of such lending.यो ऐनले मुलुकी देवानी संहिता, मुलुकी देवानी कार्यविधि संहिता, मुलुकी अपराध संहिता र मुलुकी फौजदारी कार्यविधि संहिता, २०७४ संशोधन गरी अनुचित लेनदेनलाई कसुर कायम गरेको छ। अपराध संहितामा थपिएको दफा २४९क ले घरसारमा लेनदेन नभएको रकम दिएको भनी वा वास्तविकभन्दा बढी रकमको लिखत बनाउने, ब्याजलाई साँवामा जोडी लिखत बनाउने, साँवाभन्दा बढी ब्याज लिने, तिरेको रकमको भरपाई नदिने, ऋण असुलीका लागि धम्की, हिंसा वा शोषण गर्ने र अनुचित लेनदेनका आधारमा ऋणीको अचल सम्पत्ति हस्तान्तरण गरी लिनेलगायतका कामलाई अनुचित लेनदेन मानेको छ। Nepal Gazette (Nepal Rajpatra), Department of Printing, Government of Nepal — scanned gazette issue Preamble, PDF p. 1; Sections 2–5 (headings), PDF pp. 2–5; Section 4, new Penal Code Section 249क(1)–(2), PDF pp. 4–5
- Unfair lending, or harassing a borrower over an earlier unfair loan, is punishable by up to seven years in prison and a fine of up to Rs 70,000, depending on gravity. The offender must return to the borrower anything taken beyond the actual amount lent plus lawful interest, and any transfer of the borrower's land based on unfair lending is void. Where an investigator finds a lender gave unusually large informal loans, a money-laundering investigation is to follow, and unfair-lending cases are added to those that may be settled by agreement.अनुचित लेनदेन गरेमा वा यसअघिको लेनदेनका आधारमा ऋणीलाई हैरानी दिएमा कसुरको गम्भीरता हेरी सात वर्षसम्म कैद र सत्तरी हजार रुपैयाँसम्म जरिवाना हुन्छ। वास्तविक लेनदेन रकम र कानूनबमोजिमको ब्याजभन्दा बढी लिएको रकम वा चल सम्पत्ति कसुरदारबाट ऋणीलाई भराइदिनुपर्छ र अनुचित लेनदेनका आधारमा भएको अचल सम्पत्तिको हक हस्तान्तरण बदर हुन्छ। साहूले घरसारमा अस्वाभाविक ठूलो रकम ऋण दिएको देखिए सम्पत्ति शुद्धीकरणसम्बन्धी कसुरमा अनुसन्धान गरी कारबाही चलाइन्छ र अनुचित लेनदेनलाई मिलापत्र हुन सक्ने मुद्दामा थपिएको छ। Nepal Gazette (Nepal Rajpatra), Department of Printing, Government of Nepal — scanned gazette issue Section 4, new Penal Code Section 249क(3)–(6), PDF p. 5; Section 5, new Criminal Procedure Code Section 30क and amended Section 117(2), PDF p. 6
- To make informal lending transparent, loan deeds must name at least one witness each for the lender and the borrower, and informal (home) loans above Rs 1 lakh made without going through a bank or financial institution will not be enforced through the courts. Existing loan deeds not certified by the local level or ward office must be certified within six months (or within six months of a party's return from abroad), and ward offices must keep records. First-time offenders sentenced to one year or less may pay money instead of serving prison time. The Act also states the effects of the lapse of the ordinance of the same name issued in 2080.लेनदेनलाई पारदर्शी बनाउन लिखतमा साहू र ऋणीका कम्तीमा एक–एकजना साक्षीको नाम, थर, ठेगाना हुनुपर्छ र बैंक तथा वित्तीय संस्थामार्फत नगरी घरसारमा गरेको एक लाख रुपैयाँभन्दा बढीको लेनदेन रकम भराइदिइँदैन। स्थानीय तह वा वडा कार्यालयबाट प्रमाणित नगराइएका लेनदेनका लिखत छ महिनाभित्र (विदेशमा रहेकाको हकमा फर्केको छ महिनाभित्र) प्रमाणित गराउनुपर्छ र वडा कार्यालयले अभिलेख राख्नुपर्छ। पहिलो पटक एक वर्ष वा कम कैद सजाय पाएका कसुरदारलाई अदालतले कैदबापत रकम लिई छाड्न सक्छ। यस ऐनले उही नामको अध्यादेश, २०८० निष्क्रिय भएपछिको परिणामसमेत तोकेको छ। Nepal Gazette (Nepal Rajpatra), Department of Printing, Government of Nepal — scanned gazette issue Section 2, Civil Code Sections 477(ञ१) and 488, PDF p. 2; Section 3, Civil Procedure Code Section 36(3क)–(6), PDF pp. 2–4; Section 5(3), PDF p. 6; Section 6, PDF pp. 6–7
Gaps, loopholes and improvement ideas
None documented in the official reports we have reviewed so far.
Where does it conflict with other laws?
No conflict with another law is documented in the sources we have reviewed so far.