Acts and Regulations

C-28.3 - Cost of Credit Disclosure and Payday Loans Act

Section 11
Disposition versions

Full text
Suspension or cancellation of registration
11(1)Subject to subsection (3), the Director may suspend or cancel the registration of a credit grantor, lessor or credit broker
(a) if the credit grantor, lessor or credit broker has failed to comply with any term or condition of the registration,
(b) if, in the opinion of the Director, the credit grantor, lessor or credit broker has contravened or has failed to comply with any provision of this Act or the regulations or any order or direction given under this Act or the regulations, or
(c) if the Director considers it to be in the public interest to suspend or cancel the registration.
11(2)Where a credit grantor, lessor or credit broker has more than one branch office in New Brunswick, the Director may suspend or cancel the registration of the credit grantor, lessor or credit broker with respect to one or more of the branch offices instead of suspending or cancelling the registration with respect to all of the branch offices.
11(3)The Director shall not suspend for a period of more than 30 days or cancel the registration of a credit grantor, lessor or credit broker without giving the credit grantor, lessor or credit broker an opportunity to be heard.
2013, c.31, s.11; 2016, c.40, s.1
Suspension or cancellation of registration
11(1)Subject to subsection (3), the Director may suspend or cancel the registration of a credit grantor, lessor or credit broker
(a) if the credit grantor, lessor or credit broker has failed to comply with any term or condition under which the registration was granted,
(b) if, in the opinion of the Director, the credit grantor, lessor or credit broker has violated or has failed to comply with any provision of this Act or the regulations or any order or direction given under this Act or the regulations, or
(c) if the Director considers it to be in the public interest to suspend or cancel the registration.
11(2)Where a credit grantor, lessor or credit broker has more than one branch office in New Brunswick, the Director may suspend or cancel the registration of the credit grantor, lessor or credit broker with respect to one or more of the branch offices instead of suspending or cancelling the registration with respect to all of the branch offices.
11(3)The Director shall not suspend for a period of more than 30 days or cancel the registration of a credit grantor, lessor or credit broker without giving the credit grantor, lessor or credit broker an opportunity to be heard.
2013, c.31, s.11
Suspension or cancellation of registration
11(1)Subject to subsection (3), the Director may suspend or cancel the registration of a credit grantor, lessor or credit broker
(a) if the credit grantor, lessor or credit broker has failed to comply with any term or condition under which the registration was granted,
(b) if, in the opinion of the Director, the credit grantor, lessor or credit broker has violated or has failed to comply with any provision of this Act or the regulations or any order or direction given under this Act or the regulations, or
(c) if the Director considers it to be in the public interest to suspend or cancel the registration.
11(2)Where a credit grantor, lessor or credit broker has more than one branch office in New Brunswick, the Director may suspend or cancel the registration of the credit grantor, lessor or credit broker with respect to one or more of the branch offices instead of suspending or cancelling the registration with respect to all of the branch offices.
11(3)The Director shall not suspend for a period of more than 30 days or cancel the registration of a credit grantor, lessor or credit broker without giving the credit grantor, lessor or credit broker an opportunity to be heard.
2013, c.31, s.11
Suspension or cancellation of registration
11(1)Subject to subsection (3), the Minister may suspend or cancel the registration of a credit grantor, lessor or credit broker
(a) if the credit grantor, lessor or credit broker has failed to comply with any term or condition under which the registration was granted,
(b) if, in the opinion of the Minister, the credit grantor, lessor or credit broker has violated or has failed to comply with any provision of this Act or the regulations or any order or direction given under this Act or the regulations, or
(c) if the Minister considers it to be in the public interest to suspend or cancel the registration.
11(2)Where a credit grantor, lessor or credit broker has more than one branch office in New Brunswick, the Minister may suspend or cancel the registration of the credit grantor, lessor or credit broker with respect to one or more of the branch offices instead of suspending or cancelling the registration with respect to all of the branch offices.
11(3)The Minister shall not suspend for a period of more than 30 days or cancel the registration of a credit grantor, lessor or credit broker without giving the credit grantor, lessor or credit broker an opportunity to be heard.