Proposed hire purchase legislation in final stages, Nandlall says
-promises protection for buyers
Government is close to introducing legislation to offer protection to buyers who use hire purchase agreements and especially those who have paid significant amounts towards their purchases but still have their purchases repossessed.
Attorney General Anil Nandlall told Stabroek News that legislative drafters have been instructed to work swiftly to complete the bill, which would be the first of its kind for Guyana.
“I am pleased to say that it is in its final stage… and will soon be tabled in the National Assembly by the government.