Sri Lanka Consolidated Acts

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Consumer Credit Act (No. 29 of 1982) - Sect 19

Rights of owner on terminal deposit

19. Where a hire-purchase agreement is terminated under this Act, then the owner shall be entitled
(a) to retain the hire and the initial deposit which have already been paid and to recover the arrears of hire due:
(b) subject to the provisions of section 16 and section 21 and subject to any contract to the contrary to repossess the goods;
(c) subject to the provisions of section 20 and section 21 to recover possession of the goods by action in court;
(d) without prejudice to the provisions of subsection (2) of section 13 and of section 14 to damages for non-delivery of the goods, from the date on which termination is effective to the date on which the goods are delivered to or repossessed by the owner.


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