74. A borrower is in a precarious financial situation if the borrower’s income referred to in Schedules I and II is less, on a monthly basis, than the amount obtained by multiplying the minimum wage set out in section 3 of the Regulation respecting labour standards (chapter N-1.1, r. 3) by 160.21, and the borrower expects his or her income to remain such for the following 5 months.
The amount determined under the first paragraph is increased by $252 for each child of the borrower. The amount is further increased by $125 if the borrower has no spouse and lives with the child.
O.C. 344-2004, s. 74; O.C. 698-2007, s. 16; O.C. 811-2008, s. 13; O.C. 1175-2009, s. 11; O.C. 971-2010, s. 12; O.C. 1009-2011, s. 14; O.C. 984-2013, s. 13; O.C. 627-2014, s. 18; O.C. 238-2015, s. 18; O.C. 301-2016, s. 17.