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P-40.1, r. 3 - Regulation respecting the application of the Consumer Protection Act

Section 59
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59. Subject to section 61, the credit charges are computed at the end of each period by applying the credit rate applicable under section 83 of the Act as prescribed in section 60 to the average daily balance of the period.
However, a merchant may exact credit charges that are less than those computed in accordance with the first paragraph.
R.R.Q., 1981, c. P-40.1, r. 1, s. 59.
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