Hire-Purchase Act (Cap. 125): Primary legislation governing car financing in Singapore that regulates hire-purchase agreements, sets mandatory terms and conditions, specifies disclosure requirements, and defines rights and obligations of all parties
Consumer Protection (Fair Trading) Act: Legislation ensuring fair trading practices and protecting consumers from unfair practices in financial agreements
Moneylenders Act: Legislation regulating interest rates and fees when financing is provided by a moneylender
Banking Act: Legislation regulating financial institutions when financing is provided by a bank
MAS Regulations: Monetary Authority of Singapore regulations covering Loan-to-Value ratio restrictions, Total Debt Servicing Ratio framework, and motor vehicle financing restrictions
Road Traffic Act: Legislation governing vehicle registration, ownership requirements and regulations
Interest Rate Disclosure Requirements: Compliance requirements for transparent disclosure of interest rates in car finance agreements
Repayment Terms Compliance: Mandatory requirements for structuring and documenting repayment terms and conditions
Default and Repossession Procedures: Legal requirements and procedures for handling defaults and vehicle repossession
Early Repayment Provisions: Legal requirements for handling early repayment scenarios and associated terms
Insurance Requirements: Mandatory insurance requirements and related provisions in car finance agreements
Documentation Requirements: Legal requirements for proper documentation and record-keeping in car finance agreements
