Acts and Regulations

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

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False or misleading advertisement
2016, c.40, s.1
51.11(1)No credit grantor, lessor or credit broker shall make any false, misleading or deceptive statements in any advertisement, circular, pamphlet or similar material prepared or used in respect of a regulated activity.
51.11(2)If, in the opinion of the Director, a credit grantor, lessor or credit broker has made a false, misleading or deceptive statement in any advertisement, circular, pamphlet or similar material, the Director may order the immediate cessation of the use of that material.
51.11(3)The Director may order the immediate cessation of the use of any advertisement, circular, pamphlet or similar material that, in the opinion of the Director, contravenes or fails to comply with this Act or the regulations.
2016, c.40, s.1