Consumer Credit Act 1995

F102[Short-term right to terminate hire-purchase agreement

73J

73J.(1) This section applies where the hirer has the short-term right to terminate the hire-purchase agreement under section 73I(1)(a).

(2) The period during which the hirer has the short-term right to terminate the hire-purchase agreement—

(a) begins—

(i) where the hire-purchase agreement requires the owner to install the goods after their delivery or to take any other action to enable the hirer to use the goods, on the day on which the installation or other action is completed, or

(ii) in any other case, at the relevant time,

and

(b) subject to subsection (3), expires 30 days after that day or, as the case may be, the relevant time.

(3) Where goods are of a kind that can reasonably be expected to expire or deteriorate on the expiry of a smaller number of days than the 30 days referred to in paragraph (b) of subsection (2), that paragraph shall apply as if for the reference to 30 days there were substituted a reference to that smaller number of days.

(4) Nothing in subsection (2) prevents a hirer who has the right to terminate a hire-purchase agreement from terminating it before the beginning of the period referred to in that subsection (or that subsection as applied by subsection (3)).

(5) In case of dispute, it shall be for the owner to show that by virtue of subsection (3) the period referred to in subsection (2) is shorter than 30 days.

(6) Where the hirer has the right to terminate a hire-purchase agreement under this section and wishes to exercise that right—

(a) the hirer shall exercise that right in accordance with section 73N, and

(b) the owner shall comply with the obligations in section 73O.

(7) In this section, "relevant time" has the same meaning as it has in section 73A.]

Annotations:

Amendments:

F102

Inserted (29.11.2022) by Consumer Rights Act 2022 (37/2022), s. 150(1), S.I. No. 596 of 2022, subject to transitional provision in subs. (2).