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R-2.2, r. 1 - Regulation respecting the application of the Act respecting the collection of certain debts
Schedule
Disposition versions
FORM N-37
(Revoked)
FORM N-37
(s. 21)
COMMITMENT OF THIRD PARTY AND APPLICANT
(Security)
TYPE OF SECURITY USED: AMOUNT $__________
Commitment of ______________________________, hereinafter called the surety and of ______________________________, hereinafter called the principal debtor.
We, ______________________, as principal debtor and we ______________________, as the surety, are solidarily bound to the Minister of Finance, hereinafter called the obligee, for the sum of ____________________ dollars ($__________), in legal tender of Canada, which we solidarily commit ourselves, and also our respective heirs, liquidators, administrators, successors and legal representatives, to pay to the obligee.
WHEREAS the principal debtor operates or plans to operate the business of collection agent.
WHEREAS for the operation of this business, in accordance with the Act respecting the collection of certain debts (chapter R-2.2), hereinafter called the Act, the principal debtor must furnish security in order to guarantee, firstly, the payment of the capital, interest and legal costs from any final judgment rendered against the principal debtor or his representative pursuant to section 49 of the Act and secondly, the payment of any fine and costs imposed upon the principal debtor or his representative pursuant to Chapter VI of the Act.
IT IS UNDERSTOOD AND AGREED THAT this bond is valid for the entire duration of the permit and that the applicant may terminate the permit only by giving at least 3 months’ written notice to the president of the Office de la protection du consommateur.
IT IS UNDERSTOOD AND AGREED THAT this bond will continue to be valid in spite of any transfer of the permit of the principal debtor, made in accordance with the Act and the Regulation respecting the application of the Act respecting the collection of certain debts (chapter R-2.2, r. 1).
IT IS UNDERSTOOD AND AGREED THAT the principal debtor and the surety commit themselves solidarily with each member of the group named above to pay, firstly, the capital, interests and legal costs from any final judgment rendered against the principal debtor or his representative pursuant to section 49 of the Act, and, secondly, to pay any fine and costs imposed upon the principal debtor or his representative pursuant to Chapter VI of the Act.
IT IS UNDERSTOOD AND AGREED THAT the total liability of the surety under this bond or any renewal thereof is limited to the sum written above.
IT IS UNDERSTOOD AND AGREED THAT, in spite of expiry of this bond, the surety remains bound thereby, provided that the civil action is instituted within the time limit stipulated in the Act and the penal proceedings within the time limit stipulated in the Code of penal procedure (chapter C-25.1) and that the act or omission which is the object of the civil judgment or penal conviction took place while this bond was in force.
IN WITNESS WHEREOF the principal debtor and the surety have signed at ____________________ this _____ day of ____________________ 20_____
______________________________ ______________________________
Principal debtor (Applicant) Surety (Third party)
FORM N-37
(s. 21)
COMMITMENT OF THIRD PARTY AND APPLICANT
(Security)
TYPE OF SECURITY USED: AMOUNT $__________
Commitment of ______________________________, hereinafter called the surety and of ______________________________, hereinafter called the principal debtor.
We, ______________________, as principal debtor and we ______________________, as the surety, are solidarily bound to the Minister of Finance, hereinafter called the obligee, for the sum of ____________________ dollars ($__________), in legal tender of Canada, which we solidarily commit ourselves, and also our respective heirs, liquidators, administrators, successors and legal representatives, to pay to the obligee.
WHEREAS the principal debtor operates or plans to operate the business of collection agent.
WHEREAS for the operation of this business, in accordance with the Act respecting the collection of certain debts (chapter R-2.2), hereinafter called the Act, the principal debtor must furnish security in order to guarantee, firstly, the payment of the capital, interest and taxed costs from any final judgment rendered against the principal debtor or his representative pursuant to section 49 of the Act and secondly, the payment of any fine and costs imposed upon the principal debtor or his representative pursuant to Chapter VI of the Act.
IT IS UNDERSTOOD AND AGREED THAT this bond is valid for the entire duration of the permit and that the applicant may terminate the permit only by giving at least 3 months’ written notice to the president of the Office de la protection du consommateur.
IT IS UNDERSTOOD AND AGREED THAT this bond will continue to be valid in spite of any transfer of the permit of the principal debtor, made in accordance with the Act and the Regulation respecting the application of the Act respecting the collection of certain debts (chapter R-2.2, r. 1).
IT IS UNDERSTOOD AND AGREED THAT the principal debtor and the surety commit themselves solidarily with each member of the group named above to pay, firstly, the capital, interests and taxed costs from any final judgment rendered against the principal debtor or his representative pursuant to section 49 of the Act, and, secondly, to pay any fine and costs imposed upon the principal debtor or his representative pursuant to Chapter VI of the Act.
IT IS UNDERSTOOD AND AGREED THAT the total liability of the surety under this bond or any renewal thereof is limited to the sum written above.
IT IS UNDERSTOOD AND AGREED THAT, in spite of expiry of this bond, the surety remains bound thereby, provided that the civil action is instituted within the time limit stipulated in the Act and the penal proceedings within the time limit stipulated in the Code of penal procedure (chapter C-25.1) and that the act or omission which is the object of the civil judgment or penal conviction took place while this bond was in force.
IN WITNESS WHEREOF the principal debtor and the surety have signed at ____________________ this _____ day of ____________________ 20_____
______________________________ ______________________________
Principal debtor (Applicant) Surety (Third party)
