Acts and Regulations

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

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Estimates and assumptions
20A credit grantor or lessor may base information disclosed under this Act, whether in a disclosure statement, statement of account, advertisement or otherwise, on an estimate or assumption if
(a) the disclosure depends on information that is not ascertainable by the credit grantor or lessor at the time of disclosure, and
(b) the estimate or assumption is reasonable and is clearly identified as an estimate or assumption.
Estimates and assumptions
20A credit grantor or lessor may base information disclosed under this Act, whether in a disclosure statement, statement of account, advertisement or otherwise, on an estimate or assumption if
(a) the disclosure depends on information that is not ascertainable by the credit grantor or lessor at the time of disclosure, and
(b) the estimate or assumption is reasonable and is clearly identified as an estimate or assumption.