P-40.1, r. 3 - Regulation respecting the application of the Consumer Protection Act

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61.0.14. An instalment sale contract must include, at the very beginning, any of the boxes providing the following information, as the case may be:
INFORMATION BOX — INSTALMENT SALE CONTRACT
(Consumer Protection Act, section 134)
Net capitalIndicate the net capital of the instalment sale contract.
Credit rateIndicate the credit rate calculated in accordance with the Consumer Protection Act.
Term of contractIndicate the term of the contract, and the fact that the consumer may, without charges or penalties, prepay all or part of the outstanding balance.
Date of delivery of the goodsIndicate the date on which the goods must be delivered to the consumer.
Date on which credit charges begin to accrue or how that date is determinedIndicate the date on which credit charges begin to accrue or how that date is determined. Indicate that if the goods are delivered more than 7 days after the contract is entered into, credit charges may not accrue before the delivery date.
PaymentsIndicate the amount, frequency and date of the payments (or the day on which they are payable).
Cancellation periodIndicate the consumer’s cancellation period, of 2 or 10 days, as the case may be, except where the contract concerns a new road vehicle that the consumer has received.
INFORMATION BOX — VARIABLE RATE INSTALMENT SALE CONTRACT
(Consumer Protection Act, section 134)
Net capitalIndicate the net capital of the instalment sale contract.
Initial credit rateIndicate the credit rate calculated in accordance with the Consumer Protection Act applicable on the date of the contract, and the fact that it is variable during the contract.
Term of the contract established according to the initial credit rateIndicate the term of the contract, according to the initial credit rate, and the fact that the consumer may, without charges or penalties, prepay all or part of the outstanding balance.
Date of delivery of the goodsIndicate the date on which the goods must be delivered to the consumer.
Date on which credit charges begin to accrue or how that date is determinedIndicate the date on which credit charges begin to accrue or how that date is determined. Indicate that if the goods are delivered more than 7 days after the contract is entered into, credit charges may not accrue before the date of delivery.
Payments determined according to the initial credit rateIndicate, according to the initial credit rate, the amount and frequency of payments and date of the payments (or the day on which they are payable).
Cancellation periodIndicate the consumer’s cancellation period, of 2 or 10 days, as the case may be, except where the contract concerns a new road vehicle that the consumer has received.
The box provided for in the first paragraph may be given to the consumer in a separate document provided no later than with the contract The merchant is then exempt from the obligation of providing it at the very beginning of the contract.
994-2018O.C. 994-2018, s. 37.