P-40.1 - Consumer Protection Act

Section 71 Disposition versions

2019-08-01

71. The merchant must state the credit charges in terms of dollars and cents, and indicate that they apply

(a)  to the entire term of the contract in the case of a contract for the loan of money or a contract involving credit, or

(b)  to the period covered by the statement of account in the case of an open credit contract.

1978, c. 9, s. 71; 2017, c. 24, s. 68.

1980-04-30

71. The merchant must state the credit charges in terms of dollars and cents, and indicate that they apply

(a)  to the entire term of the contract in the case of a contract for the loan of money or a contract involving credit, or

(b)  to the period covered by the statement of account in the case of a contract extending variable credit.

1978, c. 9, s. 71.