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Hire-Purchase Act (Chapter 125) and Hire-Purchase (Amendment) Act 2004

 

Hire-Purchase Act

This Act principally regulates the form and content of hire-purchase agreements, and spells out the rights and duties of parties to such agreements.

 

Hire-Purchase (Amendment) Act 2004

This Amendment Act seeks to amend the Hire-Purchase Act -

  1. to enhance disclosure and transparency requirements so that consumers have access to all material and relevant information to make an informed choice when deciding whether to enter into a hire-purchase agreement; and
  2. to update the Hire-Purchase Act in a manner which balances the needs and concerns of consumers and hire-purchase financiers and facilitates market developments.

 

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