HIRE-PURCHASE: SUBSIDIARY LEGISLATION

INDEX TO SUBSIDIARY LEGISLATION

Hire Purchase (Exemption of Application of Act to Certain Agreements) Regulations

Hire Purchase (Minimum Deposit and Maximum Period of Repayment) Order

HIRE PURCHASE (MINIMUM DEPOSIT AND MAXIMUM PERIOD OF REPAYMENT) ORDER

 

(under section 7(1))

 

(9th May, 1963)

 

ARRANGEMENT OF PARAGRAPHS

 

PARAGRAPH

 

 

 

   1.   Citation

 

   2.   Prescription of minimum deposit

 

   3.   Period of repayment of purchase price

 

 

 

      Schedule

 

 

G.N. 66, 1963.

 

1.   Citation

   This Order may be cited as the Hire Purchase (Minimum Deposit and Maximum Period of Repayment) Order.

 

2.   Prescription of minimum deposit

   On the sale of movables of the class or group set out in the Schedule hereto at least that portion of the purchase price indicated in column I of the Schedule shall be paid in cash or goods at the time the agreement is entered into.

 

3.   Period of repayment of purchase price

   The period within which the full purchase price is payable shall not exceed the period indicated in column 2 of the Schedule referred to in paragraph 2.

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