Malaysia legislation

Section 18

of HIRE-PURCHASE (AMENDMENT) ACT 2026

Section 18

Amendment of Second Schedule

The Second Schedule to the principal Act is amended, in Part I—

(a)

in subsubparagraph 4(a)(i), by substituting for the word

“Rate” the words “Effective interest rate”;

(b)

in subsubparagraph 4(b)(i), by substituting for the word

“BLR” the words “reference rate”;

(c)

by deleting the words “Annual Percentage Rate**”

and the words “RM……………………..” appearing against it; and

(d)

in the note column, by substituting for the word “BLR”

the words “reference rate”.

Amendment of Fifth Schedule