Malaysia legislation

Section 5

of HIRE-PURCHASE (AMENDMENT) ACT 2026

Section 5

Section 4c of the principal Act is amended—

(a)

by substituting for subparagraph (1)(c)(viii) the following subparagraph:

“(viii) the effective interest rate for terms charges;”;

and

(b)

in subsection (1b)—

(i)

by substituting for the words “base lending rate”

the words “reference rate”; and

(ii)

by substituting for paragraph (c) the following paragraph:

“(c) the effective interest rate for terms charges; and”.

Amendment of section 4e