P-40 - Consumer Protection Act

Section 26 Disposition versions

1977-12-31

26. At the end of each period the merchant must furnish the consumer with a statement of account indicating:

(a)  the date of the end of the period;

(b)  the balance of the account at the end of the preceding period;

(c)  the date and amount of each further advance debited to the consumer’s account during the period;

(d)  the date and amount of each payment made by the consumer during the period;

(e)  the credit charge required during the period;

(f)  the balance of the account at the end of the period;

(g)  the minimum payment required for such period;

(h)  anything else required by regulation.

The particulars provided for in sub-paragraph c shall not be required if the merchant attaches to the statement of account a copy of the vouchers for the advances contemplated in that sub-paragraph.

1971, c. 74, s. 26.