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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 16 May 2022 - onwards
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58. Contents of hire-purchase agreements.

(1) A hire-purchase agreement and any contract of guarantee relating thereto shall be made in writing and signed by the hirer and by or on behalf of all other parties to the agreement, and -

(a) a copy of the agreement shall be -

(i) handed personally to the hirer upon the making of the agreement, or

(ii) delivered or sent to the hirer by the owner within 10 days of the making of the agreement, and

(b) in the case of any contract of guarantee relating to the agreement, a copy of the guarantee and the agreement shall be -

(i) handed personally to the guarantor upon the making of the contract, or

(ii) sent within 10 days of the making of any contract by the owner to the guarantor.

(2) A hire-purchase agreement shall contain a statement of -

(a) the hire-purchase price,

(b) the cash price of the goods to which the agreement relates,

(c) the amount of each of the instalments by which the hire-purchase price is to be paid,

(ca) where the agreement is made after the date on which section 15

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