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When can the banking institution sell the repossessed car?

The banking institution can sell the repossessed motor vehicle when the hirer does not make any payment after the 21 days stated in the Fifth Schedule notice.

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Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)


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Knowledge Base ID :   1319
Last Reviewed :   May 22, 2014
Source :   BankingInfo
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