P-40.1 - Consumer Protection Act

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68. The net capital is
(a)  in the case of a contract for the loan of money, the amount actually received by the consumer or paid into or credited to his account by the merchant;
(b)  in the case of a contract involving credit or a contract extending variable credit, the sum for which credit is actually extended.
Every component of the credit charges is excluded from this sum.
1978, c. 9, s. 68.