Singapore legislation

Clause 12

of Hire-Purchase (Amendment) Bill

Clause 12

Amendment of section 17

Section 17 of the Hire-Purchase Act is amended —

(a)

by deleting the words “14 days” in subsections (1)(a) (1st line) and (5)(a) and substituting in each case the words “7 business days”;

(b)

by inserting, immediately after the word “payable” in the 3rd line of subsection (1)(b)(i), the words “under the agreement”;

(c)

by inserting, immediately after the word “payable” in the 3rd line of subsection (1)(b)(ii), the words “under the agreement”;

(d)

by inserting, immediately after the word “payable” in the last line of subsection (2), the words “under the agreement”; and

(e)

by deleting paragraph (a) of subsection (3).