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P-40.1 - Consumer Protection Act

Section 129
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129. Notwithstanding section 98, the merchant may amend the open credit contract to increase the amount chargeable as membership or renewal fees or as replacement fees for a lost or stolen credit card or to increase the credit rate.
The merchant must send to the consumer, according to the time limits prescribed by regulation, a notice setting out exclusively the amended clauses, as they formerly read and as they read now, and the date of the coming into force of the increase.
The unilateral amendment not conformable to this section of an open credit contract cannot be invoked against the consumer.
1978, c. 9, s. 129; 1984, c. 27, s. 85; 2017, c. 24, ss. 35 and 68.
129. Notwithstanding section 98, the merchant may amend the contract extending variable credit to increase the amount chargeable as membership or renewal fees or the credit rate.
The merchant must send to the consumer, according to the time limits prescribed by regulation, a notice setting out exclusively the amended clauses, as they formerly read and as they read now, and the date of the coming into force of the increase.
The unilateral amendment not conformable to this section of a contract extending variable credit cannot be invoked against the consumer.
1978, c. 9, s. 129; 1984, c. 27, s. 85.
129. Notwithstanding section 98, the merchant may amend the contract extending variable credit to increase the amount chargeable as membership or renewal fees or the credit rate.
The merchant must send to the consumer, not later than six months preceding the date of the coming into force of the increase, a notice setting out exclusively the amended clauses, as they formerly read and as they read now, and the date of the coming into force of the increase.
The unilateral amendment not conformable to this section of a contract extending variable credit cannot be invoked against the consumer.
1978, c. 9, s. 129.
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