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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-38
(Revoked)
FORM N-38
(s. 22)
COMMITMENT OF APPLICANT
(Security)
TYPE OF SECURITY USED: AMOUNT $__________
Commitment of ______________________________ both as surety and as principal debtor and hereinafter called the applicant.
The applicant commits himself to the Minister of Finance (hereinafter called the obligee) as obligee for the sum of ______________________________ dollars ($__________), in legal tender of Canada, which he commits himself, and his heirs and legal representatives, to pay.
WHEREAS the applicant 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 applicant must furnish security in order to guarantee, firstly, the payment of the capital, interest and legal costs from any final judgment rendered against the applicant or his representative pursuant to section 49 of the Act and, secondly, the payment of the fine and costs imposed upon the applicant or his representative pursuant to Chapter VI of the Act.
IT IS UNDERSTOOD 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 THAT this bond will continue to be valid in spite of any transfer of the applicant’s permit, 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 THAT the applicant commits himself to pay, firstly, the capital, interests and legal costs from any final judgement rendered against the applicant or his representative pursuant to section 49 of the Act and, secondly, to pay the fine and costs imposed upon the applicant or his representative pursuant to Chapter VI of the Act.
IT IS UNDERSTOOD THAT the liability of the applicant as surety is limited to the sum written above.
IT IS UNDERSTOOD THAT the liability of the applicant as principal debtor is in no way limited by the terms of this bond.
IT IS UNDERSTOOD THAT, in spite of expiry of this bond, the applicant remains bound as surety, 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 applicant has signed this ____ day of ____________________ 20___
______________________________
Applicant
FORM N-38
(s. 22)
COMMITMENT OF APPLICANT
(Security)
TYPE OF SECURITY USED: AMOUNT $__________
Commitment of ______________________________ both as surety and as principal debtor and hereinafter called the applicant.
The applicant commits himself to the Minister of Finance (hereinafter called the obligee) as obligee for the sum of ______________________________ dollars ($__________), in legal tender of Canada, which he commits himself, and his heirs and legal representatives, to pay.
WHEREAS the applicant 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 applicant must furnish security in order to guarantee, firstly, the payment of the capital, interest and taxed costs from any final judgment rendered against the applicant or his representative pursuant to section 49 of the Act and, secondly, the payment of the fine and costs imposed upon the applicant or his representative pursuant to Chapter VI of the Act.
IT IS UNDERSTOOD 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 THAT this bond will continue to be valid in spite of any transfer of the applicant’s permit, 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 THAT the applicant commits himself to pay, firstly, the capital, interests and taxed costs from any final judgement rendered against the applicant or his representative pursuant to section 49 of the Act and, secondly, to pay the fine and costs imposed upon the applicant or his representative pursuant to Chapter VI of the Act.
IT IS UNDERSTOOD THAT the liability of the applicant as surety is limited to the sum written above.
IT IS UNDERSTOOD THAT the liability of the applicant as principal debtor is in no way limited by the terms of this bond.
IT IS UNDERSTOOD THAT, in spite of expiry of this bond, the applicant remains bound as surety, 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 applicant has signed this ____ day of ____________________ 20___
______________________________
Applicant
