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The Law On The Conditions Of Hire Purchase In The Shop

Original Language Title: Laki luottoehdoista osamaksukaupassa

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Law on credit conditions in the payment transaction

See the copyright notice Conditions of use .

In accordance with the decision of the Parliament:

ARTICLE 1

When the scope of the partial payment transaction may become excessive for the purposes of securing the value of money or the foreign liquidity of the country, the Council may, by way of publication of the Regulation, order that the sale of certain goods or certain types of goods Of the Law on the sale of shares (91/66) Article 1 Prior to the sale of the article to the purchaser, the price of the item sold must be made at least the quantity and that the price must be paid in full within a certain period of time and, in the main proceedings, to be equal to the In instalments. (31.12.1974/1084)

The adoption, amendment and review of the decision referred to in paragraph 1 shall be subject to the opinion of the Board of Governors, unless the Board of Governors of the Bank of Finland has submitted an act.

However, the State Council does not have the right provided for in paragraph 1 to determine the terms and conditions for the sale of certain or certain goods for the sale of certain goods which undertake to comply with the Finnish Ministry of Trade and Industry The credit conditions referred to in the said paragraph, approved by the Board of Governors, after consulting the Board of the Bank, during the period under which that undertaking is in force. (18.02.1962)

ARTICLE 2

Before adopting or amending the decision of the State Council referred to in Article 1 (1), the Ministry of Trade and Industry shall consult the Community or, in the absence of such a Community, representative of the sellers of the goods in question. With the most significant vendors of the goods.

ARTICLE 3 (18.02.1962)

A non-compliance with the provisions of the decision adopted pursuant to Article 1 is a condition contained in the contract for the retention of the right of ownership of the article sold by the seller or the right of the seller to take back the object.

§ 4 (18.02.1962)

The seller of the goods referred to in Article 1 shall be required to supply to the Ministry of Trade and Industry or to the official designated by it, for the purposes of monitoring the implementation of this law, any information necessary for the purposes of the payment transaction.

§ 4a (13,1970/118)

A seller who has not complied with the provisions of the decision adopted pursuant to Article 1 or has failed to provide the information required pursuant to Article 4, may the fine.

Paragraph 2 has been repealed by L 26.10.2001/893 .

§ 5

More detailed provisions on the implementation and application of this law will be adopted by the Council of State if necessary.

Entry into force and application of amending acts:

18.2.1966-9:

This Act shall enter into force on 1 June 1966.

13,1970/118:
31.12.1974/1084:

This Act shall enter into force on 1 January 1975.

26.10.2001/89:

This Act shall enter into force on 1 January 2002.

THEY 80/2000 , LaVM 14/2001, EV 94/2001