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C-73.2, r. 1 - Regulation respecting brokerage requirements, professional conduct of brokers and advertising
Section 51
Disposition versions
51. (Revoked).
O.C. 299-2010, s. 51; O.C. 156-2012, s. 6; 173-2023O.C. 173-2023, s. 311.
51. Disclosure of the cost of borrowing as specified in subparagraphs 1 to 3 of the second paragraph of section 49 is not required to be made as provided in this Regulation if the loan secured by immovable hypothec is made by one of the persons or partnerships listed below and the borrower is informed of the cost of borrowing in accordance with the statutes that apply to the person or partnership:
(1) a bank;
(2) a financial services cooperative;
(3) an insurance company;
(4) a mutual insurance association;
(5) a mutual benefit association;
(6) a savings company;
(7) a trust company;
(8) a loan company;
(9) a retail association within the meaning of the Cooperative Credit Associations Act (S.C. 1991, c. 48).
