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HIRE-PURCHASE ACT (NORTHERN IRELAND) 1966 - SECT 7

Requirements as to cash price.

7.(1) The requirements of this section, in relation to an agreement, are that

(a)the agreement contains a statement of the hire-purchase price or
total purchase price, as the case may be, and of the cash price of the goods
to which the agreement relates, and of the amount of each instalment by which
the hire-purchase price or total purchase price is to be paid, and of the
date, or the mode of determining the date, on which each instalment is
payable;

(b)the agreement contains a list of the goods to which the agreement relates
sufficient to identify them;

(c)the agreement, at the time when it is signed by the hirer or buyer,
complies with the requirements of any regulations made under subsection (2);

(d)the agreement complies with the requirements of any regulations made under
section 32; and

(e)if it is a hire-purchase agreement or a conditional sale agreement, it
contains a notice, which is at least as prominent as the rest of the contents
of the agreement, in the terms set out in Schedule 1 or (as the case may be)
Schedule 2.

(2) The Ministry may by regulation provide that, in any document which, on
being signed as mentioned in section 5(1)(a), constitutes a
hire-purchase agreement, a credit-sale agreement or a
conditional sale agreement, the signature of the hirer or buyer shall be
inserted in a space marked in such manner, and accompanied in the document by
such words, as may be specified in the regulations; and the regulations may
include provision as to the location of those words in relation to the space
in which the signature is inserted, and may prescribe such other requirements
(whether as to type, size, colour or disposition of lettering or otherwise) as
the Ministry may consider appropriate for securing that the words come to the
attention of the hirer or buyer at the time when he is about to sign the
document.

© 1966 Crown Copyright

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