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

Section 79.15 Disposition versions

2019-02-01

79.15. For the purposes of the fifth paragraph of section 214.26 of the Act, the maximum charges and fees that the merchant providing the services referred to in paragraph a or b of section 214.12 of the Act may collect from a consumer are set by multiplying by a rate each payment made by the merchant to a consumer’s creditor and covered by an agreement in principle accepted by the consumer.

The rate is calculated by multiplying by 15% the amount equal to the reduction of the debt negotiated by the merchant and accepted by the consumer and on which is applied the payment referred to in the first paragraph, and by dividing the product thus obtained by the new debt of the consumer with regard to the creditor, as negotiated by the merchant and accepted by the consumer.

O.C. 994-2018, s. 48.