(1)
Ļ¯ೇಷ ªಾಜÍ ಪĦÎೆ
PÀ£ÁðlPÀ «zsÁ£À¸À¨sÉ
ºÀ¢£ÁgÀ£Éà «zsÁ£À¸À¨sÉ
DgÀ£Éà C¢üªÉñÀ£À
ಕකბಟಕ ศ฿ඃเർರರ (ൟൿ౪ಪല) เඒಯಕ, 2025
(2025gÀ «zsÁ£À¸À¨sÉAiÀÄ «zsÉÃAiÀÄPÀ ¸ÀASÉå-04)
ಕකბಟಕ ศ฿ඃเർರರ ಅඌඛಯಮ, 1961ඝ౬ ಮತ౨ౣ ൟൿ౪ಪല ಡฤ
ಒಂൿ เඒಯಕ.
ಇย ಇඝ౬෨ಂං ಉഴಬฆವ ಉං౪ೕಶಗัಛಜ ಕකბಟಕ ศ฿ඃเർರರ
ಅඌඛಯಮ, 1961 (1962ರ ಕකბಟಕ ಅඌඛಯಮ 12)ඝ౬ ಮತ౨ౣ ൟൿ౪ಪല ഴโൿ
ಕ౨฿ಜฆโದคಂದ ;
ಇൿ
ූರತ
ಗಣฃಜದ
ಎಪ౭൞౨ರඡ
ವಷბದย
ಕකბಟಕ
ฃಜ
เඋನಡಲൽಂದ ಈ ෨ಂൽඦ ಅඌඛಯ෦ತ฿ಗย:-
1. ౾౹ಪ౨ ກಸฆ ಮൡ౨ ඩฏಭ.- (1) ಈ ಅඌඛಯಮವඝ౬ ಕකბಟಕ
ศ฿ඃเർರರ (ൟൿ౪ಪല) ಅඌඛಯಮ, 2025 ಎಂൿ ಕฉಯತಕౙൿ౪.
(2) ಇൿ ಈ ಁಡว ೦คಡ ಬರತಕౙൿ౪.
2. ಪಕರಣ 10ರ ൟൿ౪ಪല.- ಕකბಟಕ ศ฿ඃเർರರ ಅඌඛಯಮ, 1961 (1962ರ
ಕකბಟಕ ಅඌඛಯಮ 12)ರ (ಇย ಇඝ౬෨ಂං ෩ಲ ಅඌඛಯಮๅಂൿ ಕฉಯมಜං)
10ඡ ಪಕರಣದย “ಐൿ ವಷბಗಳ” ಎಂಬ ಪದಗಳ ಬದยಡ “ಎರഴ ವಷბಗಳ” ಎಂಬ
ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪.
¨sÁUÀ – 4ಎ
Part – IVA
05
2025
14
1946)
BENGALURU, WEDNESDAY, 05, MARCH, 2025
PHALGUNA , 14, SHAKAVARSHA, 1946)
. 131
No. 131
2
3. ಪಕರಣ 15ರ ൟൿ౪ಪല.- ෩ಲ ಅඌඛಯಮದ 15ඡ ಪಕರಣದ (3)ඡ ಉಪ-
ಪಕರಣದ ತฆ฿ಯ ಈ ෨ಂൽನ ಉಪ-ಪಕರಣವඝ౬ คಸತಕౙൿ౪, ಎಂದฉ:-
“(4) ಈ ಅඌඛಯಮದ ಮൡ౨ ಕකბಟಕ ෦ൟ෦ೕคದ ಬല เඌเಃ ඛಧ
ಅඌඛಯಮ, 2004 (2004ರ ಕකბಟಕ ಅඌඛಯಮ 14)ರ ಉಪීಧಗಳඝ౬ ෴ช ವ౾౨
ಉಲಂಫದฉ, ಉർಯ ಇมಒ ಅಥ฿ ಛ෦ೕ൏ไൽ౫ ಮൡ౨ ඵೈಯ൬ ฃ
ಇมಒ ಅಥ฿ ನಗฃไൽ౫ ಇมಒ ಅಥ฿ ನಗರ ೕಜක ಇมಒ ಅಥ฿ ಮะ
ಮൡ౨ ಮಕౙಳ ಅไൽ౫ ಇมಒ ಅಥ฿ ಸಜ ಕมಣ ಇมಒ ಅಥ฿ ಅಲ౭ಌತರ
ಕมಣ ಇมಒ ಅಥ฿ ්ಡಕഖౣ ಕมಣ ಇมಒ ಅಥ฿ ಂൿัದ ವಗბಗಳ ಅไൽ౫
ಇมಒಯ ಟභ ಅඌ౽ค ීಧಪಟౣ ค೧ౣიฑ , ಸಯಕ ค೧ౣიฑ ಅಥ฿
ಈ ಀคൡ ฃಜ ಸ౽ბರโ ಅඌಂತತัದ ෴ช ಅඌ౽คಡ ವರൽ ಡತಕౙൿ౪.
(5) ค೧ౣიฑ , ಸಯಕ ค೧ౣიฑ ಅಥ฿ ಅඌಂತತัದ ෴ช ಅඌ౽ค
ಆತನ ಸ౷ಂತ ಪ౨ವ ಅಥ฿ ಉಪಪಕರಣ (1)ರย ಉวೕದ ಅඌ౽คಗำ ಸยದ
ವರൽಯ ෬ฉಡ , ಈ ಅඌඛಯಮದ ಉಪීಧಗಳല ಕಮವඝ౬ ಅತಳತಕౙൿ౪.”
4. 15ಎ ಮൡ౨ 15 ຄಸ ಪಕರಣಗಳ ಪბഷ.- ෩ಲ ಅඌඛಯಮದ 15ඡ
ಪಕರಣದ ತฆ฿ಯ ಈ ෨ಂൽನ ຄಸ ಪಕರಣಗಳඝ౬ คಸತಕౙൿ౪, ಎಂದฉ:-
“15ಎ.
ಒಂ්ി౺ ಪಸბඨ
෩ಲಕ
เ฿ದಗಳ
ಇತಥბಪലเಃ.-
เ฿ದಗಳඝ౬ ಇತಥბಪലโದ౽ౙಜ, ಲಛರ ಅಥ฿ ศ฿ඃเർರನ ನഴๅ
ಮಧಸ౩ಛರකಜ
౽ಯბඛವბಸฤ
ಸ౽ბರโ
ಅඌಚචಯ
෩ಲಕ
ಒಂ්ി౺ ಪಸბඨ ನඝ౬ ඡಮಕ ಡತಕౙൿ౪. ಇತಥბ ಮൡ౨ ಮಧ౩ಃಯ ౽ಯბเඋನ
ಮൡ౨ ಗბಗำ ඛಯ෦ಸಬർಂಥ เඋನದยರತಕౙൿ౪.
15. ಀಂൿಆರಗಳ ඛ฿ರ൏ ๆൽಃ.- ಸ౽ბರโ ಕ౨฿ದ ಀಂൿಆರ
ඛ฿ರ൏
౽ಯბವವ౩ಯඝ౬
౩ඪಸತಕౙൿ౪.
ಀಂൿಆರ
ඛ฿ರ൏
౽ಯბವವ౩ಯ
౽ಯბเඋನ
ಮൡ౨
ಗბಗำ
ඛಯ෦ಸಬർಂಥ
เඋನದยರತಕౙൿ౪.”
5. ಪಕರಣ 37ರ ൟൿ౪ಪല.- (1) ෩ಲ ಅඌඛಯಮದ 37ඡ ಪಕರಣದ (2)ඡ ಉಪ-
ಪಕರಣದย,-
(ಎ) “ಆฆ ൟಂಗಳವฉಡ” ಎಂಬ ಪದಗಳ ಬದยಡ “ಹൡ౨ ವಷბಗಳವฉಡ” ಎಂಬ
ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪; ಮൡ౨
() “ಒಂൿ เರ งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳ ಬದยಡ “ಐൿ ಲౘ
งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪.
3
6. ಪಕರಣ 38ರ ൟൿ౪ಪല.- (1) ෩ಲ ಅඌඛಯಮದ 38ඡ ಪಕರಣದย,-
(ಎ) “ಒಂൿ ವಷბದವฉಡ” ಎಂಬ ಪದಗಳ ಬದยಡ “ಹൡ౨ ವಷბಗಳವฉಡ” ಎಂಬ
ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪; ಮൡ౨
() “ಐವൡ౨ เರ งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳ ಬದยಡ “ಐൿ ಲౘ
งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪.
7. ಪಕರಣ 38ಎರ ಪბഷ.- (1) ෩ಲ ಅඌඛಯಮದ 38ඡ ಪಕರಣದ ತฆ฿ಯ
ಈ ෨ಂൽನದඝ౬ คಸತಕౙൿ౪, ಎಂದฉ:-
“38ಎ. ಬಲ๋ತದ ಕಮದ ಬಳಃಯ ඛಧ.- (1) ෴ช ವ౾౨ ൞ඝ ඛೕലದ
෴โඃ ಲದ ෬ว ෦ൟ෦ೕคದ ಬലಯඝ౬ เඌಸತಕౙದ౪ಲ.
(2) ศ฿ඃเർರඝ ಲಛರคಂದ ಹಣ ವมൟಛಜ ಆತකಗย ಅಥ฿ ಆತನ
ಏ೬ಂಟರ ෩ಲಕ฿ಗย ಅಥ฿ ಆತನ ಀഖಂಬ ಸದಸคಂർಗย ෴โඃ ಇತರ
ಬಲ๋ತದ ಕಮವඝ౬ ಬಳಸತಕౙದ౪ಲ ಮൡ౨ ಬಲ๋ತ ವมൟಯ ෴โඃ
ಸ౷งಪ౽ౙಜ ಈ ಅඌඛಯಮದ ಉಪීಧಗಳല ඈಡචಡ ຄൕ෴ಗತಕౙൿ౪ ಟ ಈ
ಅඌඛಯಮದ ෬ฉಡ ಉಪීඌಸมඈ ಅಂಥ ศ฿ඃเർರನ ඣೕಂದಯඝ౬
ಅನൡ౨ಪലಸฤ
ಅಥ฿
ರൿ౪ಪലಸฤ
ඣೕಂದ
ඩඌ౽ค
ಅඌ౽ರโಳವකಜರತಕౙൿ౪.
เವರൕ: ಈ ಪಕರಣದ ಉං౪ೕಶಗัಛಜ, ศ฿ඃเർರನ ෩ಲಕ ಲಛರರ
เฆದ౫ದ “ಬಲ๋ತದ ಕಮ”โ ಈ ෨ಂൽನโಗಳඝ౬ ಒಳತำโൿ, ಎಂದฉ:-
(i) ಲಛರರඝ౬ ಅಥ฿ ಆತನ/ಆಃಯ ಀഖಂಬ ಸದಸคಡ ಒತ౨ಡವඝ౬ ಀโൿ
ಅಥ฿ ತഷഴโൿ ಅಥ฿ ಂಯඝ౬ ಬಳโൿ ಅಥ฿ ಅವඛโൿ
ಅಥ฿ ದคโൿ, ಅಥ฿
(ii)
ಲಛರನඝ౬,
ಆತನ/ಆಃಯ
ಀഖಂಬ
ಸದಸರඝ౬
ಸ౩ಳൽಂದ
ಸ౩ಳಃౙ
ඛฏತರ฿ಜ ಂยโൿ ಅಥ฿ ಆತನ/ಆಃಯ ಒഷತನದ ಅಥ฿ ಬಳಃಯยನ
෴โඃ ಸ౷ൟ౨ಡ ಮಧಪๆ๏โൿ ಅಥ฿ ಆತನ/ಆಃಂದ ౾ൡ౨ಆำโൿ ಅಥ฿
෴โඃ ಅಂಥ ಸ౷ൟ౨ನ ಬಳಃಡ ಅലಪലโൿ, ಅಥ฿
(iii) ಲಛರඝ ฿ಸ฿ಜฆವ ಅಥ฿ ಃಲಸ ഴൟ౨ฆವ ಅಥ฿ ವವರ
ನഷൟ౨ฆವ ಮච ಅಥ฿ ಇತರ ಸ౩ಳಃౙ ಬಲ๋ತದ ಕಮವඝ౬ ಅತำವ ಉං౪ೕಶൽಂದ
ಆಛಗ ෝഔ ඛೕഴโൿ ಅಥ฿ ෝഔ෴ಞ๋ ഴโൿ, ಅಥ฿
4
(iv) ಲಛರඛಡ ಹಣ ඩವൟಛಜ ಬಲ๋ತದ ಮൡ౨ ಅඝತ ಪූವವඝ౬ ಬಳ
ൡಕಡ/ಒ൞౨โದಃౙ ಌಸಜ ಅಥ฿ ຄರಞൟ౨ಡ ಅಥ฿ ಹ ಏ೬ඛ౺ಗಳ,
౾෦ನฯ ನ౬วಳವರ ๅಯඝ౬ ಬಳโൿ, ಅಥ฿
(v)
ಸ౽ბರದ
෴โඃ
౽ಯბಕಮದലಯย
ಲಛರඛಡ
ಪೕಜನದ
ಹಀౙಗำಳ ෴โඃ ದ౨ๆಜඝ౬ ಲಛರඛಂದ ಬಲ๋ತ฿ಜ ಪഷโൿ.”
8. ಪಕರಣ 39ರ ൟൿ౪ಪല.- ෩ಲ ಅඌඛಯಮದ 39ඡ ಪಕರಣದย,-
(ಎ) ಘಡ (ಎ)ರย,-
(i) “ಒಂൿ ವಷბದವฉಡ เಸ౨คಸಬർದ ർ ౽ฃ฿ಸൽಂದ” ಎಂಬ ಪದಗಳ
ಬದมಜ “෩ฆ ವಷბಗಳವฉಡ เಸ౨คಸಬർದ ౽ฃ฿ಸൽಂದ” ಎಂಬ ಪದಗಳඝ౬
ಪൟೕ೧ಸತಕౙൿ౪; ಮൡ౨
(ii) “ಐವൡ౨ เರ งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳ ಬದยಡ “෩ฆ ಲౘ
งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪.
() ಘಡ ()ರย,-
(i) “ಎರഴ ವಷბದವฉಡ เಸ౨คಸಬർದ ർ ౽ฃ฿ಸൽಂದ” ಎಂಬ ಪದಗಳ
ಬದมಜ “ಹൡ౨ ವಷბಗಳವฉಡ เಸ౨คಸಬർದ ౽ฃ฿ಸൽಂದ” ಎಂಬ ಪದಗಳඝ౬
ಪൟೕ೧ಸತಕౙൿ౪; ಮൡ౨
(ii)
“ಒಂൿ
ಲౘ
งඩಗಳವฉಡ”
ಎಂಬ
ಪದಗಳ
ಬದยಡ
“ಐൿ
ಲౘ
งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪.
ಉං౪ೕಶಗำ ಮൡ౨ ౽ರಣಗಳ ຂัಃ
ษඝ౺ಕ౨ ศ฿ඃเർರ ಮൡ౨ ษඝ౺ರತ ศ฿ඃเർರฆ ඛೕഴವ
ൿค ಬല ದರಗಳ ಅඝತ ൧ಂದฉ ಮൡ౨ ಬಲ๋ತದ ವมൟ เඋನಗัಂದ
ಆ൮ბಕ฿ಜ
ൿಬბಲ
ಞಂඬಗำ
ಮൡ౨
ವ౾౨ಗಳඝ౬
ರ౾౹โದ౽ౙಜ,
ಕකბಟಕ
ศ฿ඃเർರರ ಅඌඛಯಮ, 1961 (1962ರ ಕකბಟಕ ಅඌඛಯಮ 12)ඝ౬ ൟൿ౪ಪല
ഴโൿ ಅವಶಕๅಂൿ ಪคಗං.
ಆದ౪คಂದ ಈ เඒಯಕ.
5
ಆ൮ბಕ ೦ౢಪನ ಪತ
ಪ౨เತ ๎ಸකತಕ ಕಮൽಂർಜ ෴โඃ ກನ ๅಚโ ಉಂഓಞโൽಲ.
ಪ൞ೕ೧ತ ๎ಸකඌ౽ರದ ಀคൡ ೦ౢಪನ ಪತ
ಘಡ 4
(1) ಈ ಘಡದ ෩ಲಕ คಸฤ ಪ౨ඪฆವ 15-ಎ ಪಕರಣโ
ಒಂ්ി౺ ಪಸბඨನ ෩ಲಕ ಇತಥბ ಮൡ౨ ಮಧ౩ಃಯ เඋನ౽ౙಜನ
౽ಯბเඋನ
ಮൡ౨
ಗბಗಳඝ౬
ඛಯಮಗಳ
෩ಲಕ
ඛಯ෦ಸฤ ಸ౽ბರಃౙ ಅඌ౽ರವඝ౬ ඛೕഴತ౨ං.
(2) ಈ ಘಡದ ෩ಲಕ คಸฤ ಪ౨ඪฆವ 15- ಪಕರಣโ
ಀಂൿಆರ
ඛ฿ರ൏
ๆൽಃಯ
ಀಂൿಆರ
ඛ฿ರ൏
౽ಯბವವ౩ಛಜನ
౽ಯბเඋನ
ಮൡ౨
ಗბ
ಗಳඝ౬
ඛಯಮಗಳ ෩ಲಕ ඛಯ෦ಸฤ ಸ౽ბರಃౙ ಅඌ౽ರವඝ౬ ඛೕഴತ౨ං.
ಪ౨เತ ๎ಸನ ರಚකඌ౽ರದ ಪ൞ೕಜච ฿ലಃಯ ಸ౷งಪർ౪ಜං.
౽ತ౺ಂದ ಎඨ. ฃಜಣ౧
ಂ ฆಕങౣಯඝ౬ ຄರൡಪല
ಸಹ౽ರ ൟ
JA.PÉ. «±Á¯ÁQë
PÁAiÀÄðzÀ²ð
PÀ£ÁðlPÀ «zsÁ£À¸À¨sÉ
6
ಅඝීಧ
ಕකბಟಕ ศ฿ඃเർರರ ಅඌඛಯಮ, 1961ರ (1962ರ ಕකბಟಕ ಅඌඛಯಮ 12)
ಉದ౫ೃತ ූಗ
XXX
XXX
XXX
10. ษඛ౺ನ ಅವඌ.- ษඛ౺ನ ಅವඌ, ಐൿ ವಷბಗಳ ಒಂൿ ಅವඌಡ
ನ฿ಜರತಕౙൿ౪:
ಪฏൡ,
ษඨ౺
ຄಂൽฆವ
ศ฿ඃเർರඝ,
6ඡ
ಪಕರಣದ
(1)ඡ
ಉಪಪಕರಣದ ಅലಯย ඛಯ෦ಸมದ ൽකಂಕ౾ౙಂತ ෨ಂ, ಅඦತರದ ಅವඌಡ
ීඌ
ಒಂൿ ຄಸ ษඛ౺ಛಜ ಅ೧ბ ಸยದ౪ฉ, ಅಂಥ ศ฿ඃเർರನඝ౬
ಅವನ ษඛ౺ನ ಅವඌ ෨ಜಯൽർ౪ಟ ຄಸ ษඛ౺ಛಜ ౾ಆಂಡ ಅವನ
ಅ೧ბಡ ීඌ
ಅವඝ ෨ಂൽನ ಆඃಶಗಳඝ౬ ౷ೕಕคವವฉಡ ಅವඝ ಒಂൿ
ನ฿ದ ษನ౺ඝ౬ ຄಂൽฆವචಂൿ ූเಸತಕౙൿ౪.
XXX
XXX
XXX
37. ීಧಪತ, ෨ಂ൞ದโಗಳย ತඬ౭ ෮ತ౨ವඝ౬ ನ෩ൽโൿ ಒಂൿ
ಅಪฃಧ.-
XXX
XXX
XXX
(2) (1)ඡ ಉಪಪಕರಣದ ಉಪීಧಗಳඝ౬ ಉಲಂಫವ ෴ช ಆಗย, ಅಪฃಧ
ඛಣბಯ฿ದ ෬ว ಆฆ ൟಂಗಳವฉಡ เಸ౨คಸಬർದ ౽ฃ฿ಸൽಂದ ಅಥ฿ ಒಂൿ
เರ งඩಗಳವฉಡ เಸ౨คಸಬർದ ඈಡൽಂದ ಅಥ฿ ಇๅರಡคಂದล
ඈലತฃಗತಕౙൿ౪.
XXX
XXX
XXX
38. ಉಪದವ౽ౙಜ ඈಡ.- ಲ ඛೕലದವඝ ౾ฆವ ಲದ ವยಛಜ
ಲಛರඛಡ ಉಪದವ ಆഴವ ಅಥ฿ ಅದಃౙ දೕชඪವ ෴ช ಆದง, ಅಪฃಧ
ඛಣბಯ฿ದ ෬ว, ಒಂൿ ವಷბದವฉಡ เಸ౨คಸಬർದ ౽ฃ฿ಸൽಂದ ಅಥ฿
ಐವൡ౨
เರ
งඩಗಳವฉಡ
เಸ౨คಸಬർದ
೩มචಂದ
ಅಥ฿
ಇๅರಡคಂದล ඈലತฃಗತಕౙൿ౪.
XXX
XXX
XXX
39. ඈಡಗัಡ ීඌದ ನ ಉಪීಧಗำ.- ಈ ಅඌඛಯಮದ
෴โඃ ಉಪීಧವඝ౬ ඩยಸฤ ತඪ౭ದ ಅಥ฿ ಅದඝ౬ ಉಲಂಫದ ෴ช
ವ౾౨෴ಗย, ಈ ಅඌඛಯಮದย, ෴โඃ ඛൽბಷౣ ඈಡವඝ౬ ಉಪීඌರൽದ౪ย,
ಅಪฃಧ ඛಣბಯ฿ದ ෬ว,-
(ಎ) ෮ದಲඡ ಅಪฃಧ౽ౙಜ ಒಂൿ ವಷბದವฉಡ เಸ౨คಸಬർದ ർ
౽ฃ฿ಸൽಂದ
ಅಥ฿
ಐವൡ౨
เರ
งඩಗಳವฉಡ
เಸ౨คಸಬർದ
೩มචಂದ ಅಥ฿ ಇๅರಡคಂದล ඈലತකಗತಕౙൿ౪; ಮൡ౨
()
ಎರಡඡ
ಅಥ฿
෨ಂൿವฉದ
ಅಪฃಧ౽ౙಜ
ಎರഴ
ವಷბದವฉಡ
เಸ౨คಸಬർದ ർ ౽ฃ฿ಸൽಂದ ಅಥ฿ ಒಂൿ ಲౘ งඩಗಳವฉಡ
เಸ౨คಸಬർದ ೩มචಂದ ಅಥ฿ ಇๅರಡคಂದล ඈലತฃಗತಕౙൿ౪.
XXX
XXX
XXX
7
KARNATAKA LEGISLATIVE ASSEMBLY
SIXTEENTH LEGISLATIVE ASSEMBLY
SIXTH SESSION
THE KARNATAKA MONEY LENDERS (AMENDMENT) BILL, 2025
(LA Bill No. 04 of 2025)
A Bill further to amend the Karnataka Money Lenders Act, 1961.
Whereas, it is expedient further to amend the Karnataka Money Lenders Act,
1961 (Karnataka Act 12 of 1962) for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the seventy sixth year of
the Republic of India as follows:-
1. Short title and commencement.- (1) This Act may be called the
Karnataka Money Lenders (Amendment) Act, 2025.
(2) It shall come into force at once.
2. Amendment of section 10.- In section 10 of the Karnataka Money
Lenders Act, 1961 (Karnataka Act 12 of 1962)(herein after referred to as the
Principal Act) for the words “five years” the words “two years” shall be substituted.
3. Amendment of section 15.- In section 15 of Principal Act, after sub-
section (3), the following sub- sections shall be inserted, namely:-
“(4) The Group B Officer of Revenue Department or Rural Development and
Panchayath Raj Department or Urban Development Department or Town Planning
Department or Woman and Child Development Department or Social Welfare
Department or Minority Welfare Department or Tribal Welfare Department or
Backward Classes Welfare Department shall report if any person is in
contravention of the provisions of this Act and the Karnataka Prohibition of
Charging Exorbitant Interest Act, 2004 (Karnataka Act No. 14 of 2004) to the
concerned Registrar, Assistant Registrar or any Officer authorized by the State
Government, in this behalf.
(5) The Registrar, the Assistant Registrar or any Officer authorized may on
his own motion or on the report submitted by the Officers referred in sub-section
(1), shall take action under the provisions of this Act.”
8
4. Insertion of new sections 15 A and 15 B.- After section 15 of the
Principal Act, the following new sections shall be inserted, namely,-
“15-A. Settlement of disputes by Ombudsperson.- The Government shall
by notification appoint an Ombudsperson who can act as a mediator between the
borrower or lender, for settling the disputes. The procedure and guidelines for the
settlement and mediation shall be in the manner as may be prescribed.
15-B. Grievances Redressal Forum.- The Government shall establish
suitable grievance mechanism. The procedure and guidelines for grievance
mechanism shall be in the manner as may be prescribed.”
5. Amendment of section 37.- In section 37 of Principal Act, in sub-
section (2),-
(a) for the words “six months”, the words “ten years”, shall be substituted;
and
(b) for the words “one thousand”, the words “five lakh”, shall be substituted.
6. Amendment of section 38.- In section 38 of the Principal Act,-
(a) for the words “one year”, the words “ten years”, shall be substituted; and
(b) for the words “fifty thousand”, the words “five lakh”, shall be substituted.
7. Insertion of section 38A.- After section 38 of the Principal Act, the
following shall be inserted namely,-
“38A. Prohibition of using coercive action.- (1) No person shall charge
exorbitant interest on any loan advanced by him.
(2) Money Lender shall not use any coercive action either by himself or by his
agents or by his family members for recovery of money from the debtor and any
form of coercive recovery shall be liable for punishment under the provisions of this
Act and empower the Registering Authority to suspend or cancel the Registration
of such Money Lender as provided under the provisions of this Act.
Explanation: For the purposes of this section, "coercive Action" by a Money
Lender against the debtors include the following, namely:-
(i)
exerting pressure or obstructing or using violence to or insulting or
intimidating the debtor or his/her family members, or
9
(ii)
persistently following the debtor, his/her family member from place to
place or interfering with any property owned or used by him/her or
depriving him/her of, or hindering him/her in the use of any such
property, or
(iii)
frequenting the house or other place where the debtor resides or works,
or carries on business, or happens to be, with an intension of taking
coercive action, or
(iv)
using the service of private or outsource or external agencies, criminal
background to negotiate/urging the debtor to make payment using
coercive and undue influence, or
(v)
Seeking to take forcibly any document from the debtor which entitles
the debtor to a benefit under any Government programme.”
8. Amendment of section 39.- In section 39 of the Principal Act,-
(a) in clause (a),-
(i) for the words “with simple imprisonment which may extend to one year”,
the words “with imprisonment which may extend to three years”, shall be
substituted; and
(ii) for the words “fifty thousand rupees”, the words “three lakh”, shall be
substituted.
(b) in clause (b),-
(i) for the words “with simple imprisonment which may extend to two years”,
the words “with imprisonment which may extend to ten years”, shall be
substituted; and
(ii) for the words “one lakh rupees”, the words “five lakh rupees”, shall be
substituted.
10
STATEMENT OF OBJECTS AND REASONS
It is considered necessary to amend the Karnataka Money Lenders Act, 1961
(Karnataka Act 12 of 1962) to protect economically vulnerable groups and
individuals from the undue hardship usurious interests rates and coercive means
of recovery by licensed money lender and unlicensed money lender.
Hence, the Bill.
FINANCIAL MEMORANDUM
There is no extra expenditure involved in the proposed measure.
MEMORANDUM REGARDING DELEGATED LEGISLATION
Clause 4:
(1) Section 15-A proposes to be inserted by this clause empowers
the Government to prescribe by rules the procedure and
guidelines for the settlement and the manner of mediation by
the Ombudsperson.
(2) Section 15-B proposes to be inserted by this clause empowers
the Government to prescribe by rules the procedure and
guidelines for grievances mechanism of the grievances
redressal forum.
The proposed delegation of Legislative power is normal in character.
KYATHASANDRA N.RAJANNA
Minister for Co-operation
excluding Agriculture Marketing
M.K. VISHALAKSHI
Secretary
Karnataka Legislative Assembly
11
ANNEXURE
EXTRACT FROM THE KARNATAKA MONEY LENDERS ACT, 1961
(KARNATAKA ACT 12 OF 1962)
XXX XXX XXX
10. Term of licence.- A licence shall be valid for a term of five years.
Provided that where a money-lender holding a licence has made an
application for a fresh licence before the date prescribed under sub-section (1) of
section 6, for the succeeding 1[term]1, such money-lender shall, notwithstanding
the expiry of the term of his licence, be deemed to have a valid licence until orders
are received by him on his application for the fresh licence.
XXX XXX XXX
37. Entry of wrong sum in bond, etc., to be an offence.-
XXX XXX XXX
(2) Whoever contravenes the provisions of sub-section (1) shall, on
conviction, be punished with imprisonment which may extend to six months or
with fine which may extend to one thousand rupees or with both.
XXX XXX XXX
38. Penalty for molestation.- Whoever molests, or abets the molestation of,
a debtor for the recovery of a debt due by him to a creditor shall, on conviction, be
punished with imprisonment which may extend to one year or with fine which may
extend to fifty thousand rupees or with both.
XXX XXX XXX
39. General provision regarding penalties.- Whoever fails to comply with
or acts in contravention of any provision of this Act, shall, if no specific penalty has
been provided for in this Act, on conviction, be punished,-
(a) for the first offence with simple imprisonment which may extend to
one year or with fine which may extend to fifty thousand rupees or
with both, and
(b) for the second or subsequent offence with simple imprisonment
which may extend to two year or with fine which may extend to one
lakh rupees or with both.
XXX XXX XXX
ಮುದÎಕರು ²ಾಗೂ ಪÎಾಶಕರು:- ಸಂಕಲ£ಾĩಾĸಗಳ…, ಕ£ಾಟಕ ªಾಜÍಪತÎ, ಸಾĸ ೇಂದÎ ಮುದΞಾಲಯ, ¦ೆಂಗಳˆರು
R.N.I. No. KARBIL/2001/47147 POSTAL REGN. No. RNP/KA/BGS/2202/2017-19
Licensed to post without prepayment WPP No. 297
THAMMAIAH
Digitally signed by THAMMAIAH
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ou=GOVERNMENT OF KARNATAKA, o=GOVERNMENT OF KARNATAKA, cn=THAMMAIAH
Date: 2025.03.06 17:19:56 +05'30'