Singapore legislation

Clause 8

Duty of owners and sellers to supply documents and information

(1)

At any time before the final payment has been made under a hire-purchase agreement the owner shall, within fourteen days after he has received a request in writing from the hirer, supply to the hirer a copy of any memorandum or note of the agreement, together with a statement signed by the said owner or his agent showing —

(a)

the amount paid to the owner by or on behalf of the hirer;

(b)

the amount which has become due under the agreement but remains unpaid; and

(c)

the amount which is to become payable under the agreement.

(2)

Notwithstanding the provisions of subsection (1) of this section, an owner need not comply with such a request if he has sent the hirer a copy of the agreement and a statement under this section within a period of three months immediately preceding the receipt of the request.

(3)

In the event of a failure without reasonable cause to comply with subsection (1) of this section then, while the default continues —

(a)

the owner shall not be entitled to enforce —

(i)

the agreement against the hirer;

(ii)

any right to recover the goods from the hirer; or

(iii)

any contract of guarantee relating to the agreement; or

(b)

any security given by the hirer in respect of money payable under the agreement or given by a guarantor in respect of money payable under a contract of guarantee relating to the agreement shall not be enforceable against the hirer or the guarantor by any holder thereof.

(4)

If the default continues for a period of one month, the owner shall be guilty of an offence and shall be liable on conviction to a fine not exceeding two hundred dollars.

Read in full context — Hire-Purchase Bill →