These proposals are meant to act as a supplement to The Personal Property Security Act that was enacted in 1980. They are designed to enhance consumer protection in credit transactions.
Publications by Key Term: consumer credit
Consumer Credit Act, Part I – Background and Underlying Considerations and Part II – Statistics: Tentative Proposals Aug 1980
This Report suggests that consumer credit is on the rise in the province and will continue to grow. As a result, the complex law surrounding consumer credit should be reformed. Creditor education is key to reforming the laws to ensure full disclosure and fair treatment.