Credit Business Practices (Banks, Authorized Foreign Banks, Trust and Loan Companies, Retail Associations, Canadian Insurance Companies and Foreign Insurance Companies) Regulations

Extract

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Credit Business Practices (Banks, Authorized Foreign Banks, Trust and Loan Companies, Retail Associations, Canadian Insurance Companies and Foreign Insurance Companies) Regulations

Vol. 143, No. 20 — September 30, 2009

Registration

SOR/2009-257 September 9, 2009

BANK ACT COOPERATIVE CREDIT ASSOCIATIONS ACT INSURANCE COMPANIES ACT TRUST AND LOAN COMPANIES ACT

Credit Business Practices (Banks, Authorized Foreign Banks, Trust and Loan Companies, Retail Associations, Canadian Insurance Companies and Foreign Insurance Companies) Regulations P.C. 2009-1528 September 9, 2009

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, hereby makes the annexed Credit Business Practices (Banks, Authorized Foreign Banks, Trust and Loan Companies, Retail Associations, Canadian Insurance Companies and Foreign Insurance Companies) Regulations, pursuant to

(a) sections 458.3 and 575.1 of the Bank Act ;

(b) section 385.252 of the Cooperative Credit Associations Act ;

(c) sections 488.1 and 606.1 of the Insurance Companies Act ; and

(d) section 443.2 of the Trust and Loan Companies Act .

CREDIT BUSINESS PRACTICES (BANKS, AUTHORIZED FOREIGN BANKS, TRUST AND LOAN COMPANIES, RETAIL ASSOCIATIONS, CANADIAN INSURANCE COMPANIES AND FOREIGN INSURANCE COMPANIES) REGULATIONS

INTERPRETATION

1. The following definitions apply in these Regulations.

“borrower” means a person who holds a credit card or has applied to an institution to become a holder of a credit card. (emprunteur)

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