Acts and Regulations

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

Full text
Government cheque cashing fees
2008, c.3, s.1
37.45(1)In this section, “payer” means a person who pays or is charged or required to pay a cheque cashing fee.
37.45(2)No person shall charge or require or accept the payment of, or permit any other person to charge or to require or accept the payment of, a cheque cashing fee except as allowed by regulation.
37.45(3)If a person contravenes subsection (2),
(a) the payer is not liable to pay the cheque cashing fee or any part of it, and
(b) the person shall reimburse the payer, in cash, immediately on demand by the payer or the Director, for the total amount paid as a cheque cashing fee and the value of any other consideration given.
2008, c.3, s.1; 2014, c.31, s.1