P-40.1 - Consumer Protection Act

Section 214.12 Disposition versions

2019-02-01

214.12. A debt settlement service merchant is a person who offers to enter into or enters into a contract with a consumer that has the following object:

(a)  to negotiate the settlement of the consumer’s debts with creditors;

(b)  to receive amounts from or for the consumer in order to distribute them to the consumer’s creditors;

(c)  to improve the credit reports prepared about the consumer by a personal information agent within the meaning of the Act respecting the protection of personal information in the private sector (chapter P-39.1); or

(d)  to provide the consumer with education or raise the consumer’s awareness regarding budget management or debt settlement.

2017, c. 24, s. 48.