Section 31

An owner shall collect the deposit upon the signing of the hire-purchase agreement.

If any owner, dealer, agent or person acting on behalf of the owner fails to deliver the goods intended for the hire-purchase agreement to the intending hirer, the owner, dealer, agent or person acting on behalf of the owner shall refund the full amount of the deposit to the intending hirer.

In this section and in section 32 “hire-purchase agreement”

does not include any agreement or arrangement that is entered into solely for the purpose of giving effect to an assignment or transfer of the rights and liabilities under an existing hire-purchase agreement from the hirer to another person.

Any person who contravenes subsections (1A) and (1B) shall be guilty of an offence under this Act.

Certain payments, etc., not to be treated as deposits for the purposes of this Part