Act 212 Hire Obtain Act 1967

 Act 212 Hire Buy Act 1967 Essay

LAWS OF MALAYSIA

ON-LINE VERSION OF UPDATED

TEXT OF REPRINT

Act 212

HIRE-PURCHASE ACTION 1967

Because at 30 July 2012

2

HIRE-PURCHASE ACT 1967

First enacted

1967 (Act No . twenty-four of

1967]

Revised

1978 (Act 212 t. e. n

15 November 1978)

Newest amendment created by

Act A1384 which emerged

into procedure on

… …

15 June 2011

PREVIOUS REPRINTS

First Reprint…

… …

2001

Second Reprint…

… …

2006

3

LAWS AND REGULATIONS OF MALAYSIA

Act 212

HIRE-PURCHASE TAKE ACTION 967

SET UP OF AREAS

PART I

PRELIMINARY

Section

1 .

Short title and application

2 .

Interpretation

3.

Appointment of officers

COMPONENT II

FORMATION AND CONTENTS OF HIRE-PURCHASE

AGREEMENTS

5.

Requirements concerning hire-purchase agreements

4A.

Hire-purchase agreement to be in writing

4B.

Hire-purchase agreement to be agreed upon, etc .

5 C.

Items of hire-purchase agreement

4 D.

Individual agreement for every item of products

4E.

Automobile registration qualification

4F.

Modified or revised motor vehicle

4-G.

Declaration in second-hand automobile

5.

Copy of papers to be dished up on hirer

6.

(Deleted)

PART IIA

OPTION TO HIRER

6A.

Choice to hirer

6B.

Right of owner to revise the base lending rate

4

Regulations of Malaysia

ACT 212

Section

6th C.

Proper of hirer where the foundation lending price is modified

PART III

PROTECTION OF HIRERS AND GUARANTORS

Guarantees and Conditions

7.

Conditions and guarantees to be intended in every hire-purchase agreement

eight.

Liability in the

misrepresentation

owner

and

person

acting

in

his

part

for

PART IV

HIRERS

Statutory rights of hirers

9.

Responsibility of owners and sellers to provide documents and information

12.

Appropriation of payments manufactured in hire-purchase negotiating

11.

Benefits of court allowing goods to be removed

doze.

Assignments of rights beneath hire-purchase arrangement

13.

Procedure of regulation

14.

Early completion of arrangement

15.

Power of hirer to ascertain hiring

16.

Notices to get given to hirer when merchandise repossessed

16A.

17.

Hirer who earnings goods not liable to pay out cost of repossession, etc . Owner to retain own goods reclaimed for twenty-one days

17A.

Permits pertaining to repossession

17B.

Offence to appoint non-permit holder

18.

Hirer's legal rights and immunities when merchandise repossessed

19.

Power of hirer to get back possession of items in certain circumstances

20.

Power of court to alter existing decision or orders when items are repossessed

Hire-Purchase

your five

PART Sixth is v

GUARANTORS

Section

20A.

Owner may require guarantors

21.

Conditions as to guarantors

22.

Guarantor not to end up being bound in a few cases

twenty-three.

Rights of guarantor against owner

twenty four.

Rights of guarantor against hirer

twenty-five.

Guarantor to not seize

PART VI

INSURANCE

26.

Insurance of goods composed in hire-purchase agreements

twenty-seven.

Powers of court pertaining to insurance contracts connected with hire-purchase agreements

28.

Articles of legal agreements of insurance

29.

Application of Part VI

PART VII

GENERAL

30.

30A.

Constraint on conditions charges

Arranging fee

thirty-one.

Minimum build up

32.

Particular payments, etc ., not to become treated as deposits intended for the uses of this Part

33.

Benefits of court to reopen certain hire-purchase ventures

34.

Prevention of particular provisions

thirty-five.

Provisions relating to securities collateral to hire-purchase agreements

thirty eight.

False assertion by traders, etc ., in proposals

36A.

Prohibition against collection of repayment other than these in the Second Schedule

six

Laws of Malaysia

WORK 212

Section

36B.

Forbidance against number of payment by simply person besides owners, retailers, agents, etc .

36C.

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