Hire-Purchase Act 1967

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.

Hire-Purchase Act 1967
Parliament of Malaysia
CitationAct 212
Territorial extentThroughout Malaysia
Enacted byDewan Rakyat
Passed1 March 1967
Enacted1967 (Act No. 24 of 1967]
Revised: 1978 (Act 212 w.e.f 15 November 1978)
Enacted byDewan Negara
Passed11 March 1967
Effective[11 April 1968, P.U. (B) 150/1968]
Legislative history
Bill introduced in the Dewan RakyatHire-Purchase Bill 1967
Introduced byLim Swee Aun, Minister of Commerce and Industry
First reading24 January 1967
Second reading1 March 1967
Third reading1 March 1967
Bill introduced in the Dewan NegaraHire-Purchase Bill 1967
Introduced byT. 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

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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