Hire-Purchase Act 1969 · 2020 Revised Edition · Part 4 · Hirers
16. Owner to retain possession of goods repossessed for 7 business days
Feedback & supportWhere an owner has taken possession of any goods, he shall not, without the written consent of the hirer, sell or dispose of the goods or part with possession of the goods —
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;
until after the expiration of 7 business days after the date of the service on the hirer of the notice referred to in section 15(3); or
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;
if notice under section 17(1)(a) has been given, until the time for payment or tender pursuant to that notice has expired,whichever is the later.