Hire-Purchase Act 1969 · 2020 Revised Edition · Part 4 · Hirers
11A. Assignments of right, title and interest of owner under regulated agreement
Feedback & supportThe hirer under a regulated agreement may, by notice in writing to the owner, require the owner to assign his right, title and interest under the agreement to another person.
hirer
“hirer” means the person who takes or has taken goods from an owner under a hire‑purchase agreement or a conditional sale agreement and includes a person to whom the hirer’s rights or liabilities under the agreement have passed by assignment or by operation of law;
As a condition of the assignment of the right, title and interest of the owner under a regulated agreement, the owner may —
owner
“owner” means a person by whom goods are bailed to a hirer under a hire‑purchase agreement or a conditional sale agreement and includes a person whom the owner’s rights or liabilities under the agreement have passed by assignment or by operation of law;
stipulate that all defaults under the agreement shall be made good; and
require the hirer and assignee —
to deliver to the owner a form of assignment whereby the assignee agrees to pay to the owner the net balance due under the agreement; and
to pay to the owner any reasonable costs incurred by the owner (including legal expenses) in relation to the assignment.
Except as otherwise provided in this section, no payment or other consideration shall be required by an owner for an assignment referred to in subsection (1).
Where an owner fails or refuses to assign his right, title and interest under the regulated agreement as required by the hirer in accordance with this section, the hirer may apply to a court for an order requiring the owner to do so.
regulated agreement
“regulated agreement” means a hire-purchase agreement or a conditional sale agreement which relates to the goods specified in the First Schedule, but does not include any agreement in which the hirer is engaged in the trade or business of selling goods of the same nature or description as the goods comprised in the agreement;