The Consultation Paper notes that some loan providers might be participating in methods that Concept of high-cost credit The Consultation Paper proposes to determine a high-cost credit contract as an understanding with an APR that surpasses the Bank speed associated with the Bank of Canada by 25 % or higher. A company in Ontario that provides credit agreements that meet this limit would be needed to register and would additionally be at the mercy of requirements that are regulatory. The Ontario meaning is comparable to the QuГ©bec meaning, which…
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