Acts and Regulations

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

Full text
Inspections
Repealed: 2016, c.40, s.1
2016, c.40, s.1
53Repealed: 2016, c.40, s.1
2013, c.31, s.11; 2016, c.40, s.1
Inspections
53(1)The Director may, during normal business hours, enter upon the business premises of a credit grantor and may inspect any book, record, account or document that, in the opinion of the Director, relates or may relate to the extension of credit.
53(2)During an inspection under subsection (1), a credit grantor shall produce for inspection any book, record, account or document referred to in subsection (1).
53(3)The Director may, during normal business hours, enter upon the business premises of a lessor and may inspect any book, record, account or document that, in the opinion of the Director, relates or may relate to the leasing of goods.
53(4)During an inspection under subsection (3), the lessor shall produce for inspection any book, record, account or document referred to in subsection (3).
53(5)The Director may, during normal business hours, enter upon the business premises of a credit broker and may inspect any book, record, account or document that, in the opinion of the Director, relates or may relate to arranging, negotiating or facilitating or attempting to arrange, negotiate or facilitate an extension of credit.
53(6)During an inspection under subsection (5), the credit broker shall produce for inspection any book, record, account or document referred to in subsection (5).
53(7)During an inspection, the Director may, after giving the credit grantor, lessor or credit broker a receipt to that effect, remove any book, record, account or document in order to examine it or to make a copy or extract of it or any part of it.
53(8)Where the Director removes any book, record, account or document under subsection (7), the Director shall, on the request of the credit grantor, lessor or credit broker, and without charge, furnish the credit grantor, lessor or credit broker with a copy of the book, record, account or document.
53(9)A copy or extract of any book, record, account or document related to an inspection and purporting to be certified by the Director, is admissible in evidence and is proof, in the absence of evidence to the contrary, of the original without proof of the appointment, authority or signature of the Director.
2013, c.31, s.11
Inspections
53(1)The Director may, during normal business hours, enter upon the business premises of a credit grantor and may inspect any book, record, account or document that, in the opinion of the Director, relates or may relate to the extension of credit.
53(2)During an inspection under subsection (1), a credit grantor shall produce for inspection any book, record, account or document referred to in subsection (1).
53(3)The Director may, during normal business hours, enter upon the business premises of a lessor and may inspect any book, record, account or document that, in the opinion of the Director, relates or may relate to the leasing of goods.
53(4)During an inspection under subsection (3), the lessor shall produce for inspection any book, record, account or document referred to in subsection (3).
53(5)The Director may, during normal business hours, enter upon the business premises of a credit broker and may inspect any book, record, account or document that, in the opinion of the Director, relates or may relate to arranging, negotiating or facilitating or attempting to arrange, negotiate or facilitate an extension of credit.
53(6)During an inspection under subsection (5), the credit broker shall produce for inspection any book, record, account or document referred to in subsection (5).
53(7)During an inspection, the Director may, after giving the credit grantor, lessor or credit broker a receipt to that effect, remove any book, record, account or document in order to examine it or to make a copy or extract of it or any part of it.
53(8)Where the Director removes any book, record, account or document under subsection (7), the Director shall, on the request of the credit grantor, lessor or credit broker, and without charge, furnish the credit grantor, lessor or credit broker with a copy of the book, record, account or document.
53(9)A copy or extract of any book, record, account or document related to an inspection and purporting to be certified by the Director, is admissible in evidence and is proof, in the absence of evidence to the contrary, of the original without proof of the appointment, authority or signature of the Director.
2013, c.31, s.11
Inspections
53(1)The Minister may, during normal business hours, enter upon the business premises of a credit grantor and may inspect any book, record, account or document that, in the opinion of the Minister, relates or may relate to the extension of credit.
53(2)During an inspection under subsection (1), a credit grantor shall produce for inspection any book, record, account or document referred to in subsection (1).
53(3)The Minister may, during normal business hours, enter upon the business premises of a lessor and may inspect any book, record, account or document that, in the opinion of the Minister, relates or may relate to the leasing of goods.
53(4)During an inspection under subsection (3), the lessor shall produce for inspection any book, record, account or document referred to in subsection (3).
53(5)The Minister may, during normal business hours, enter upon the business premises of a credit broker and may inspect any book, record, account or document that, in the opinion of the Minster, relates or may relate to arranging, negotiating or facilitating or attempting to arrange, negotiate or facilitate an extension of credit.
53(6)During an inspection under subsection (5), the credit broker shall produce for inspection any book, record, account or document referred to in subsection (5).
53(7)During an inspection, the Minister may, after giving the credit grantor, lessor or credit broker a receipt to that effect, remove any book, record, account or document in order to examine it or to make a copy or extract of it or any part of it.
53(8)Where the Minister removes any book, record, account or document under subsection (7), the Minister shall, on the request of the credit grantor, lessor or credit broker, and without charge, furnish the credit grantor, lessor or credit broker with a copy of the book, record, account or document.
53(9)A copy or extract of any book, record, account or document related to an inspection and purporting to be certified by the Minister, is admissible in evidence and is proof, in the absence of evidence to the contrary, of the original without proof of the appointment, authority or signature of the Minister.