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Cooperative Credit Associations Act

Version of section 385.16 from 2003-01-01 to 2012-05-23:

Marginal note:Disclosing borrowing costs

  •  (1) A retail association shall not make a loan to a natural person that is repayable in Canada unless the cost of borrowing, as calculated and expressed in accordance with section 385.17, and other prescribed information have in the prescribed manner and at the prescribed time been disclosed by the association to the borrower.

  • Marginal note:Non-application

    (2) Subsection (1) does not apply in respect of a loan that is of a prescribed class of loans.

  • 2001, c. 9, s. 313

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