Order Designating Alberta for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code
P.C. 2010-100 2010-02-02
Whereas Alberta 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 Alberta 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 Alberta for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code.
Coming into Force
*2 This Order comes into force at 12:00 a.m. Mountain time on the first day on which section 17 of the Payday Loans Regulation, Alta. Reg. 157/2009, is in force.
Return to footnote *[Note: Order in force March 1, 2010.]
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