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

Section 61.0.9 Disposition versions

2019-08-01

61.0.9. The credit card application form must include, at the very beginning, any of the boxes providing the following information, as the case may be:

INFORMATION BOX — CREDIT CARD APPLICATION FORM

(Consumer Protection Act, section 119.1)

Credit rate	Indicate the credit rate calculated in accordance with the Consumer Protection Act.
Grace period	Indicate the period given to pay outstanding amounts without having to pay credit charges, except as regards money advances.
Other charges	Indicate the other charges likely to be required, in accordance with section 72 of the Consumer Protection Act or as charges other than credit charges.

INFORMATION BOX — APPLICATION FORM FOR A CREDIT CARD AT A VARIABLE RATE

(Consumer Protection Act, section 119.1)

Initial credit rate	Indicate the credit rate calculated in accordance with the Consumer Protection Act applicable on the date of the contract and the fact that the rate is variable during the contract.
Grace period	Indicate the period given to pay outstanding amounts without having to pay credit charges, except as regards money advances.
Other charges	Indicate the other charges likely to be required in accordance with section 72 of the Consumer Protection Act or as charges other than credit charges.

The box provided for in the first paragraph may be given to the consumer in a separate document provided no later than with the credit card application form The merchant is then exempt from the obligation of providing it at the very beginning of the form.

O.C. 994-2018, s. 37.