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

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.

Visit the following links for the full Statute and related FAQs

• Hire-Purchase Act (Chapter 125) (incorporating the Hire-Purchase (Amendment) Act 2004)
• FAQs on the Hire-Purchase Act (Chapter 125) and Hire-Purchase (Amendment) Act 2004