CHAPTER 46:03 – 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.
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.
SCHEDULE
|
Class or Group of Goods |
Column 1 |
Column 2 |
|
Mechanically propelled road vehicles (other than motor cycles, scooters and mechanically propelled bicycles and tricycles) constructed or adapted solely or mainly for the carriage of persons …………. |
331/3 percent |
24 months |
HIRE PURCHASE (EXEMPTION OF APPLICATION OF ACT
TO CERTAIN AGREEMENTS) REGULATIONS
(under section 21)
(10th November, 1967)
REGULATION
1. Citation
2. Non-application of Act to certain agreements
S.I. 63,1967.
These Regulations may be cited as the Hire Purchase (Exemption of Application of Act to Certain Agreements) Regulations
2. Non-application of Act to certain agreements
The provisions of the Act shall not apply to any agreement in respect of the sale of a movable property where the National Development Bank is the seller.