P-40.1, r. 3 - Regulation respecting the application of the Consumer Protection Act
20. A contract in which credit extended to a consumer is secured by a hypothec on an immovable is exempt from the application of the Act if such immovable:
(a) contains more than 4 living units; or
(b) is used mainly for commercial, industrial or professional purposes.
R.R.Q., 1981, c. P-40.1, r. 1, s. 20.