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.
CitationAct 212
Territorial extentThroughout Malaysia
Passed byDewan Rakyat
Passed1 March 1967
Enacted1967 (Act No. 24 of 1967]
Revised: 1978 (Act 212 w.e.f 15 November 1978)
Passed byDewan Negara
Passed11 March 1967
Effective[11 April 1968, P.U. (B) 150/1968]
Legislative history
First chamber: Dewan Rakyat
Bill titleHire-Purchase Bill 1967
Introduced byLim Swee Aun, Minister of Commerce and Industry
First reading24 January 1967
Second reading1 March 1967
Third reading1 March 1967
Second chamber: Dewan Negara
Bill titleHire-Purchase Bill 1967
Member(s) in chargeT. H. Tan, Senator
First reading6 March 1967
Second reading11 March 1967
Third reading11 March 1967
Amended by
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