Hire-Purchase Act, 1974 (NRCD 292)
Section 20—Duty to Supply Documents and Information.
(1) At any time before the final payment has been made under a hire-purchase or conditional sale agreement, the owner or seller shall, within seven days after he has received a request in writing from the hirer or buyer and the hirer or buyer has tendered to him the sum of fifty pesewas for expenses, supply to the hirer or buyer a copy of the agreement, together with a statement signed by the seller or owner or his agent showing—
(a) the amount paid by or on behalf of the hirer or buyer;
(b) the amount which is due under the contract but remains unpaid, and the date upon which each unpaid instalment became due and the amount of each such instalment; and
(c) the amount which is payable under the agreement, and the date or the mode of determining the date upon which each future instalment is to become payable, and the amount of each such instalment.
(2) In the event of a failure without reasonable cause to comply with subsection (1), then, while the default continues—
(a) the owner or seller shall not be entitled to enforce the agreement against the buyer or hirer or to enforce any contract of guarantee relating to the contract, or to enforce any right to recover the goods from the buyer or hirer; and
(b) the security given by the buyer or hirer, in respect of money payable under the contract or given by a guarantor in respect of money payable under such a contract of guarantee shall not be enforceable against the buyer or hirer or the guarantor by any holder thereof; and,
(c) if the default continues for a period of 30 days, the defaulter shall be guilty of an offence under this section and shall be liable on conviction to a fine not exceeding ¢50.00.
Subject : Hire-Purchase Trading
Procedure to Follow
Not Avaiable
Responsible Institution
Ministry of Trade, Agribusiness and Industry
Ministries
- Email: info@moti.gov.gh
- Website: www.moti.gov.gh
- GPS: GA-144-0150
- Telephone: 0500073887
Relevant Forms to Download
Not Available
Online System
Link Unavailable
Fees/ charges
Not Avaiable
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