Acts and Regulations

2011, c.126 - Collection and Debt Settlement Services Act

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Cancellation: cooling-off period
2017, c.26, s.5
9.06(1)A debtor who is a party to a debt settlement services agreement may, without any reason and without charge, cancel the agreement at any time from the date of entering into it until 10 days after receiving a written copy of the agreement.
9.06(2)In addition to the right under subsection (1), a debtor who is a party to a debt settlement services agreement may, without charge, cancel the agreement within one year after the date of entering into it if the debtor does not receive a written copy of the agreement.
9.06(3)The cancellation of a debt settlement services agreement in accordance with this section operates to cancel the agreement as though it never existed.
2017, c.26, s.5