Order Designating Nova Scotia for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code

SOR/2009-177

CRIMINAL CODE

Registration 2009-06-11

Order Designating Nova Scotia for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code

P.C. 2009-946 2009-06-11

Whereas Nova Scotia 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 Nova Scotia 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 Nova Scotia for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code.

Province Designated

 Nova Scotia 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., Atlantic Time, on the first day on which all of the following are in force:

  • (a) sections 18B to 18S and 18U of the Consumer Protection Act, R.S.N.S. 1989, c. 92, as enacted by section 2 of An Act to Amend Chapter 92 of the Revised Statutes, 1989, the Consumer Protection Act, S.N.S. 2006, c. 25;

  • (b) the Payday Lenders Regulations, made pursuant to section 18U of the Consumer Protection Act, R.S.N.S. 1989, c. 92, as enacted by section 2 of An Act to Amend Chapter 92 of the Revised Statutes, 1989, the Consumer Protection Act, S.N.S. 2006, c. 25; and

  • (c) the Order dated July 31, 2008 made by the Nova Scotia Utility and Review Board under section 18T of the Consumer Protection Act, R.S.N.S. 1989, c. 92, as enacted by section 2 of An Act to Amend Chapter 92 of the Revised Statutes, 1989, the Consumer Protection Act, S.N.S. 2006, c. 25.

 
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