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With effect from 28 Feb 2006 in conjunction with the Vehicle Registration Licensing Scheme (VRLS), the following shall apply:
"("Where the Goods is a motor vehicle") Notwithstanding any provision to the contrary in this Agreement, the Hirer agrees that the Land Transport Authority of Singapore (LTA) may, upon receipt of any request to register, transfer or de-register the Goods, seek clarification from the Hire Purchase, Finance and Leasing Association of Singapore regarding the financing status of such Goods. The Hirer also agrees that LTA may, upon the request of the Owner and the Owners's fulfilment of any requirements as may be stipulated by LTA, temporarily suspend (for such period as may be determined by LTA) or refuse any such transfer or de-registration of the Goods or transaction relating to the PARF/COE rebates in respect of the Goods. The Hirer acknowledges and agrees that this Clause shall be enforceable by LTA."
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Vehicle Loan Full Settlement - Cut-off Time
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For Receipt of Payment and
For UOB to Dislodge the Finance Interest (Form B) with HPFLAS
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Important Notes:
(a) “Business day” refers to Monday to Friday, from 9am to 2pm, excluding Saturday, Sunday and Public Holidays.
(b) Payment made after business hours is considered made at 9am on the following business day.
(c) It is important that you do not deposit cash/cheque at any UOB Group branch as the release of Form B will be delayed.
(d) Cut-off time is subject to change without notice.
Please call 1800 22 22 121 (24-hour, toll-free) or log on to www.uobgroup.com for up-to-date information.
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Schedule for Payment and Dislodgement of Finance Interest with HPFLAS
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Payment at Centralised Credit Operations Division
Credit Processing Dept- Consumer A/C (HP)
Address:
156 Cecil Street, #05-02
Far Eastern Bank Building
Singapore 069544
Fax Number:
62234376
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Payment Time
(Monday-Friday)
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Dislodgement of Interest with HPFLAS
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By Cashier’s Order or cash or debiting UOB Account
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9am to 1pm
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Within next business day
(Transfer may be effected after 2pm on the next business day)
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| By cheque* |
9am to 1pm
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Within three business days
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- Release of Form B is subject to clearance of cheque.
- Please note the above timing for loan settlement and when the Bank will dislodge the finance interest – which you must observe before you can effect a transfer. Otherwise, the proposed transfer will be blocked and delayed for several days.
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