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{
    "id": 1117038,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1117038/?format=api",
    "text_counter": 410,
    "type": "speech",
    "speaker_name": "Homa Bay CWR, ODM",
    "speaker_title": "Hon. (Ms.) Gladys Wanga",
    "speaker": {
        "id": 590,
        "legal_name": "Gladys Atieno Nyasuna",
        "slug": "gladys-atieno-nyasuna"
    },
    "content": "(a) in subsection (3) by – (i) deleting the word “registration” appearing in paragraph (a) and substituting therefor the word “licensing”; (ii) deleting paragraph (b); (iii) inserting the following new paragraph immediately after paragraph (h) – (ha) dispute resolution mechanisms; (b) by inserting the following new subsection immediately after subsection (3) – (4) Without prejudice to the generality of subsection (3) (i), The Bank may, in regulations, prescribe penalties to be paid by digital lenders who fail or refuse to comply with the provisions of this Act and the regulations made thereunder relating to digital credit, which penalties shall not exceed five hundred thousand shillings, and may prescribe additional penalties, not exceeding ten thousand shillings in each case for each day or part thereof during which such failure or refusal continues. Hon. Temporary Deputy Chairman, this amendment sets the limit for penalties that maybe set in regulations to comply with the Statutory Instruments Act."
}