CLAUSES REQUIRED UNDER THE CONSUMER PROTECTION ACT. (SECTION 125) These provisions apply only if the cardholder is a consumer as defined by the Act. Before availing himself of this clause, the merchant must forward to the consumer a notice in writing and, unless he is exempted in accordance with section 69 of the General Regulation, he must forward him a statement of account. Within 30 days following the receipt by the consumer of the notice and, where necessary, of the statement of account, the consumer may:
a) either remedy the fact that he is in default; b) or present a motion to the court to have the terms and conditions of payment prescribed in this contract changed. It is in the consumer’s interest to refer to sections 104 to 110 of the Consumer Protection Act (chapter P-40.1) as well as to section 69 of the General Regulation made under that Act and, where necessary, to communicate with the Office de la protection du consommateur.
CLAUSES REQUIRED UNDER THE CONSUMER PROTECTION ACT. (SECTION 125)
a) either remedy the fact that he is in default;
CLAUSES REQUIRED UNDER THE CONSUMER PROTECTION ACT. (SECTION 125) These provisions apply only if the cardholder is a consumer as defined by the Act. Before availing himself of this clause, the merchant must forward the consumer a notice in writing and, unless he is exempted in accordance with section 69 of the General Regulation, he must forward him a statement of account. In 30 days following the receipt by the consumer of the notice and where necessary, of the statement of account, the consumer may:
a) either remedy the fact that he is in default;
CLAUSES REQUIRED UNDER THE CONSUMER PROTECTION ACT. (SECTION 125) These provisions apply only if the cardholder is a consumer as defined by the Act. Before availing himself of this clause, the merchant must forward to the consumer a notice in writing and, unless he is exempted in accordance with section 69 of the General Regulation, he must forward to him a statement of account. In 30 days following the receipt by the consumer of the notice and where necessary, of the statement of account, the consumer may:
a) either remedy the fact that he is in default; b) or present a motion to the Court to have the terms and conditions of payment prescribed in this contract changed.
CLAUSES REQUIRED UNDER THE CONSUMER PROTECTION ACT. (Contract for the Loan of money)
28.1 You may cancel this Agreement without charge within 2 days following that on which each party takes possession of a duplicate of this Agreement. To cancel this Agreement, you must:
28.1.1 return the money to the Trust if you received the money at the time each party took possession of a duplicate of the Agreement;
28.1.2 send a notice in writing to that effect, or return the money to the Trust if the xxxxx was not returned to you at the time each party took possession of a duplicate writing. I acknowledge that the Designated Advisor is my agent and not the Trust’s.
CLAUSES REQUIRED UNDER THE CONSUMER PROTECTION ACT. (SECTION 125)
a) either remedy the fact that he is in default; b) or present an application to the Court to have the terms and conditions of payment prescribed in this contract changed.
1) If the consumer uses all or part of the credit extended to make full or partial payment for the purchase or the lease of goods or for a service, the consumer may, if the open credit contract was entered into on the making of and in relation to the sale, lease or service contract, and if the merchant and the open credit merchant collaborated with a view to granting credit, plead against the lender any ground of defence urgeable against the merchant who is the vendor, lessor, contractor or service provider.
2) A consumer who is solidarily liable with another consumer for the obligations arising from an open credit contract is released from the obligations resulting from any use of the open credit account after notifying the merchant in writing that he will no longer use the credit extended and no longer intends to be solidarily liable for the other consumer’s future use of the credit extended in advance, and after providing proof to the merchant, on that occasion, that he informed the other consumer by sending him a written notice to that effect at his last known address or technological address.
3) A consumer who has entered into a preauthorized payment agreement with a merchant under which xxxxxx made out of credit obtained under a credit card contract may end the agreement at any time by sending a notice to the merchant.
4) The consumer is not liable for debts resulting from the use of a credit card by a third person after the card issuer has been notified, by any means, of the loss, theft or fraudulent use of the card or of any other use of the card not authorized by the consumer. Even if no notice was given, consumer liability for the unauthorized use of a credit card is limited to $50. The consumer is held liable for the losses incurred by the card issuer if the latter proves that the consumer committed a gross fault as regards the protection of the related personal identification number.
5) Without delay at the end of each period, the mermust send the consumer a statement of account.The merchant is not required to send a statement of account to the consumer at the end of any period if there have been no advances or payments during the period and the outstanding balance at the end of the period is zero.
6) If the consumer makes a payment at least equal to the outstan...
CLAUSES REQUIRED UNDER THE CONSUMER PROTECTION ACT. (SECTION 125) (ONLY APPLICABLE TO QUEBEC RESIDENTS) These provisions apply only in Quebec and only if the cardholder is a consumer as defined by the Act. Before availing himself of this clause, the merchant must forward to the consumer a notice in writing and, unless he is exempted in accordance with section 69 of the General Regulation, he must forward him an account statement. In 30 days following the receipt by the consumer of the notice and where necessary, of the account statement, the consumer may:
a) either remedy the fact that he is in default;
b) or present a motion to the Court to have the terms and conditions of payment prescribed in this contract changed. It is in the consumer’s interest to refer to sections 104 to 110 of the Consumer Protection Act (chapter P-40.1) as well as to section 69 of the General Regulation made under that Act and, where necessary, to communicate with the Office de la protection du consommateur.
