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Hire-Purchase Act, 1965 šŸ‡³šŸ‡¬

Nigeria

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Hire-Purchase Act, 1965

  • Commenced on 1 October 1968
  • [This is the version of this document at 31 December 2002.]
An Act to make provision with respect to hire-purchase and credit-sale transactions and advertisements relating thereto; and for purposes connected with the matters aforesaid.

Preliminary

1. Transactions regulated by this Act

Subject to the provisions of section 19 of this Act, the provisions of this Act (other than the provisions relating to the control of advertisements) shall apply in relation to‐[L.N. 90 of 1968.](a)all hire‐purchase agreements and credit‐sale agreements (other than agreements in respect of motor vehicles) under which the hire‐purchase price or total purchase price, as the case may be, does not exceed two thousand naira; and(b)all such agreements in respect of motor vehicles, irrespective of the hire‐purchase price or the total purchase price,being agreements made after the commencement of this Act; and the expressions "hire‐purchase agreement" and "credit‐sal…

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