Acts and Regulations

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

Section 22
Disposition versions

Full text
Borrower or lessee may cancel optional services
22(1)A borrower or lessee may cancel an optional service of a continuing nature that is provided by the credit grantor or lessor or an associate of the credit grantor or lessor by giving 30 days’ notice, or such shorter period of notice as is provided for by the agreement under which the service is provided.
22(2)A borrower or lessee who cancels an optional service under subsection (1)
(a) is not liable for charges relating to any portion of the service that has not been provided at the time of cancellation, and
(b) is entitled to a refund of any amount already paid for those charges.
Borrower or lessee may cancel optional services
22(1)A borrower or lessee may cancel an optional service of a continuing nature that is provided by the credit grantor or lessor or an associate of the credit grantor or lessor by giving 30 days’ notice, or such shorter period of notice as is provided for by the agreement under which the service is provided.
22(2)A borrower or lessee who cancels an optional service under subsection (1)
(a) is not liable for charges relating to any portion of the service that has not been provided at the time of cancellation, and
(b) is entitled to a refund of any amount already paid for those charges.