Key Points A money lending business should be a company registered with Uganda Registration Services Bureau (URSB) and licenced by Uganda Microfinance Regulatory Authority (UMRA) in accordance with the Tier 4 Microfinance Institutions and Moneylenders Act, 2016. In money-lending business, the moneylender should have a postal and physical address of the company (Form 18). A Money lender shall issue a receipt to a borrower for every repayment made on a loan and keep records for a period of 10 years. A moneylender should give a loan agreement to a borrower to sign not a sales agreement. A money lender shall not dispose off any collateral given by a debtor as a sale, pledge or collateral for the loan advanced to him, unless 60 days have passed since a written demand notice has been issued to the debtor requiring him or her to pay any outstanding monies on the Money advanced. A money lender may, before carrying out a sale of collateral by public auction or private treaty, undertake a valuation and obtain a forced sale value of the collateral to determine the market value of the property. A borrower shall retain the right to pay any outstanding monies and costs