Order Designating Manitoba for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code

SOR/2008-212

CRIMINAL CODE

Registration 2008-06-12

Order Designating Manitoba for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code

P.C. 2008-1091 2008-06-12

Whereas Manitoba has legislative measures that protect recipients of payday loans and that provide for limits on the total cost of borrowing under a payday loan agreement;

And whereas the Lieutenant Governor in Council of Manitoba has requested that the Governor in Council designate that province for the purposes of section 347.1Footnote a of the Criminal CodeFootnote b;

Therefore, Her Excellency the Governor General in Council, on the recommendation of the Minister of Justice and the Minister of Industry, pursuant to subsection 347.1(3)Footnote a of the Criminal CodeFootnote b, hereby makes the annexed Order Designating Manitoba for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code.

Province Designated

 Manitoba is designated for the purposes of section 347.1 of the Criminal Code.

Coming into Force

Footnote * This Order comes into force at 12:00 a.m. on the first day on which the following are in force:

  • (a) section 147 of The Consumer Protection Act, C.C.S.M. c. C200, as enacted by section 3 of The Consumer Protection Amendment Act (Payday Loans), S.M. 2006, c. 31; and

  • (b) the Payday Loans Regulation, Man. Reg. 99/2007 as amended by Payday Loans Regulation, amendment, Man. Reg. 50/2010.

  • SOR/2010-136, s. 1.
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