I-13.2.2, r. 1 - Regulation respecting the application of the Deposit Institutions and Deposit Protection Act

Section 31 Disposition versions

2020-04-30

31. The authorized deposit institution must calculate the interest related to each deposit of money as at the cut-off date.

For calculating the interest referred to in the first paragraph, interest accrued and payable on a deposit of money must be calculated, in accordance with the terms and conditions of the contract and exclusive of any penalty, on the basis of the number of days between the date of the last interest payment and the cut-off date, divided by the number of days between the date of the last interest payment and the date of the next interest payment.

M.O. 2010-12, s. 31; M.O. 2015-06, s. 2; M.O. 2020-09, s. 31.

2015-06-03

31. The institution must calculate the interest related to each deposit of money as at the cut-off date.

M.O. 2010-12, s. 31; M.O. 2015-06, s. 2.

2012-09-01

31. An application for the payment of any claim based on a negotiable instrument issued by an institution or bank must include, in addition to the detailed statement under section 29, a statement indicating the date on which the claimant acquired such instrument.

M.O. 2010-12, s. 31.