Malaysia legislation
Section 12
Seksyen 12
Subseksyen 15(6) Akta ibu dipinda dengan menggantikan perenggan (a) dengan perenggan yang berikut:
“(a) “balance outstanding under the hire-purchase agreement”
means—
(i)
the outstanding amount financed; and
Sewa Beli (Pindaan)
(ii)
terms charges accrued and calculated up to the next due date of payment or the day specified in the notice, whichever is later, less any surrender value of a contract of insurance where—
(A)
the contract of insurance is taken to cover the amount financed;
(B)
the premium for the contract of insurance is paid by the hirer in instalments to the owner; and
(C)
the surrender value is received or will be received by the owner upon cancellation of such contract.”.
Pindaan seksyen 18