(1) A hire-purchase agreement shall—
(a) be in writing in the prescribed form;
(b) be printed in type of a size no smaller than the type known as 9-point Times Roman;
(c) be signed by or on behalf of the hirer and all other parties to the hire-purchase agreement;
(d) contain a description of the goods to which the hire-purchase agreement relates or where any part of the consideration is or is to be provided otherwise than in cash, contain a description of that part of the consideration;
(e) specify–
(i) a date on which the hiring shall be deemed to have commenced,
(ii) the number of installments to be paid under the hire-purchase agreement by the hirer,
(iii) the amount or the minimum amount of each installment,
(iv) the date, or the mode of determining the date, on which each installment is payable,
(v) the method by which periodic balances are calculated and by which interest is calculated on those balances, and
(vi) the rate of interest charged;
(f) set out on its first page the financial details of the hire-purchase agreement in a form which is substantially the same as the form prescribed in the Regulations;
(g) contain a notice which is at least as prominent as the rest of the contents of the hire-purchase agreement in the form prescribed in the Regulations;
(h) subject to section 23, contain one of the following statements, namely—
“early completion of this agreement will entitle the hirer to rebates greater than the statutory rebates, as follows: [statement of the particulars].” or “early completion of this agreement will entitle the hirer to statutory rebates in accordance with section 23 of the Consumer Credit Act [year and number of Act]”.
(2) Nothing in this section shall prevent the incorporation by reference in any hire-purchase agreement of terms which are set out in full in an earlier hire-purchase agreement entered into between the same parties, but where terms are so incorporated the owner shall, in complying with a request pursuant to sections 13 and 44, provide copies of both hire-purchase agreements to the hirer.