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What information you must receive as a joint borrower, giving up your right to receive disclosure. Understanding the terms and conditions of loans, lines of credit and more.
- Personal Loans
What information you must receive when you get a personal...
- Disclosure of Information to Joint Borrowers
What information you must receive as a joint borrower,...
- Loan Insurance
the conditions under which you may cancel the product; Learn...
- Lines of Credit
Your right to information about lines of credit. Federally...
- Debt Collection
A federally regulated financial institution may contact you...
- Personal Loans
- Your Express Consent For A Line of Credit
- Your Right to Information About Lines of Credit
- Your Right to Receive Electronic Alerts
- When These Rights Apply to You
Federally regulated financial institutions can only provide you with a line of credit if they have your express consent. If you give verbal consent, they must provide you with confirmation of your consent, in writing, without delay. Banks must also obtain your express consent before increasing the limit on your line of credit. Learn more about givi...
Federally regulated financial institutions must provide you with information about your line of credit. The information must be disclosed in a manner, and using language, that is clear, simple and not misleading. Before you sign a credit agreement, take the time to read and understand the terms and conditions. Ask questions if anything is unclear o...
Your bank must send you an electronic alert in 2 situations: 1. when the balance of your chequing or savings account falls below $100 or an amount you’ve set 2. when the credit available on your credit card or personal line of credit falls below $100 or an amount you’ve set Your bank will automatically set the electronic alerts to $100. You may ask...
These rights apply when you’re dealing with a federally regulated financial institution like a bank or federal credit union. Find out if your financial institution is federally regulated. Learn more about how your banking rights are protected.
A federally regulated financial institution may contact you about a debt you owe. This can be about your line of credit or other type of loan. When they do, you have rights with respect to how they collect the debt. This also applies to any party acting on their behalf.
The Canadian Credit Reporting Act (CCRA) is a federal law that governs the collection, use, and disclosure of credit information by credit reporting agencies in Canada. It aims to protect consumers’ rights and maintain the accuracy of their credit reports.
The Government of Canada plays an important role in consumer awareness and protection. Federal agencies and departments are responsible for enforcing legislation related to various issues, including: consumer product safety. food safety. consumer product packaging and labelling.
Remand Credit - Criminal Law Notebook. < Sentencing Procedure. General Principles. See also: Imprisonment. An offender being sentenced to a period of custody may have their sentenced reduced on account of time already spent in custody on the charges. The reduction follows a formula:
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Oct 24, 2021 · Knowing your rights is an important step in protecting your credit. Every consumer should be familiar with these basic consumer credit laws.
