Educational Information Only
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HPA Section 12 — Disclosure requirements
Hire-Purchase Business Act (พระราชบัญญัติการประกอบธุรกิจเช่าซื้อ) — Section 12.
Plain-English Summary
Hire-purchase contracts must clearly state total price, interest rate, repayment schedule, and consumer cooling-off rights.
Official Text
Official Thai text at the Royal Gazette / Office of the Council of State. Translation summary only.
Consult official sourceParent Statute
Hire-Purchase Business Act
พระราชบัญญัติการประกอบธุรกิจเช่าซื้อ · B.E. 2522 (1979)
The Hire-Purchase Business Act and subsequent Consumer Protection Board notifications regulate hire-purchase agreements in Thailand — common for vehicles and high-value consumer goods. Hire-purchase combines lease and conditional sale: title passes on completion of payments. Recent notifications cap interest rates and require specific disclosure.
The summary above is a plain-English educational paraphrase of Section 12 of the Hire-Purchase Business Act. It is not an authoritative translation. For the binding Thai text, consult the Royal Gazette or the Office of the Council of State. Educational use only — not a substitute for advice from a Thai-qualified lawyer.
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