Hire-Purchase Act 1967

Hire-Purchase Act 1967
Parliament of Malaysia
An Act to regulate the form and contents of hire-purchase agreements, the rights and duties of parties to such agreements and to make provisions for other matters connected therewith and incidental thereto.
Citation Act 212
Territorial extent Throughout Malaysia
Enacted by Dewan Rakyat
Date passed 1 March 1967
Date enacted 1967 (Act No. 24 of 1967]
Revised: 1978 (Act 212 w.e.f 15 November 1978)
Enacted by Dewan Negara
Date passed 11 March 1967
Date effective [11 April 1968, P.U. (B) 150/1968]
Legislative history
Bill introduced in the Dewan Rakyat Hire-Purchase Bill 1967
Introduced by Lim Swee Aun, Minister of Commerce and Industry
First reading 24 January 1967
Second reading 1 March 1967
Third reading 1 March 1967
Bill introduced in the Dewan Negara Hire-Purchase Bill 1967
Introduced by T. H. Tan, Senator
First reading 6 March 1967
Second reading 11 March 1967
Third reading 11 March 1967
Amends
Hire-Purchase (Amendment) Act 1968 [Act 4/1968]
Hire-Purchase (Amendment) Act 1969 [Act A20]
Malaysian Currency (Ringgit) Act 1975 [Act 160]
Hire-Purchase (Amendment) Act 1976 [Act A332]
Hire-Purchase Order 1980 [P.U. (A) 221/1980]
Hire-Purchase (Amendment of First Schedule) Order 1983 [P.U. (A) 149/1983]
Hire-Purchase (Amendment) Act 1992 [Act A813]
Hire-Purchase (Amendment) Act 2004 [Act A1234]
Hire-Purchase (Amendment of Schedule) Order 2005 [P.U. (A) 163/2005]
Hire-Purchase (Amendment) Act 2010 [Act A1384]
Related legislation
Bills of Sale Ordinance 1950 of the States of Malaya [F.M. No. 30 of 1950]
Bills of Sale Ordinance of Sabah [Cap. 14]
Bills of Sale Ordinance of Sarawak [Cap. 68]
Status: In force

The Hire-Purchase Act 1967 (Malay: Akta Sewa Beli 1967), is a Malaysian law which enacted to regulate the form and contents of hire-purchase agreements, the rights and duties of parties to such agreements and to make provisions for other matters connected therewith and incidental thereto.

Structure

The Hire-Purchase Act 1967, in its current form (30 July 2012), consists of 9 Parts containing 58 sections and 7 schedules (including 10 amendments).

  • Part I: Preliminary
  • Part II: Formation and Contents of Hire-Purchase Agreements
  • Part IIA: Option to Hirer
  • Part III: Protection of Hirers and Guarantors
    • Warranties and Conditions
  • Part IV: Hirers
    • Statutory rights of hirers
  • Part V: Guarantors
  • Part VI: Insurance
  • Part VII: General
  • Part VIII: Powers of Enforcement
  • Part IX: Regulations, etc.
  • Schedules

References

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