May 8, 2021

Guyana Guardian

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Proposed hire purchase law to curtail forcible seizure of goods


For consumers fearing confrontations with sellers’ agents trying to force their way into their homes to seize goods bought on hire purchase, relief is on the horizon.

Whenever the National Assembly convenes for its next sitting, the government is expected to introduce several pieces of legislation, including a new Hire Purchase Bill, which seeks to make provision for the regulation of hire-purchases, credit sales, and conditional sale agreements.

The four-part Bill, which has been gazetted, is in the name of Minister of Tourism, Industry and Commerce Oneidge Walrond.

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