Acts and Regulations

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

Full text
Existing credit agreements
64(1)Sections 2, 18, 19, 20, 21, 22, 23, 24, 25, 36, 37, 42 and 46 apply in respect of any credit agreement entered into by a credit grantor in the ordinary course of carrying on a business before the commencement of this Act.
64(2)For the purposes of subsection (1), paragraph 42(1)(a) shall be read as follows:
(a) the period covered by the statement, which period shall run from the commencement of this Act, or if a statement of account has been delivered under this section, from the date of the statement of account most recently delivered to the borrower;
Existing credit agreements
64(1)Sections 2, 18, 19, 20, 21, 22, 23, 24, 25, 36, 37, 42 and 46 apply in respect of any credit agreement entered into by a credit grantor in the ordinary course of carrying on a business before the commencement of this Act.
64(2)For the purposes of subsection (1), paragraph 42(1)(a) shall be read as follows:
(a) the period covered by the statement, which period shall run from the commencement of this Act, or if a statement of account has been delivered under this section, from the date of the statement of account most recently delivered to the borrower;