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

SOR/2011-204

CRIMINAL CODE

Registration 2011-09-30

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

P.C. 2011-1108 2011-09-29

Whereas Saskatchewan 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 Saskatchewan has requested that the Governor in Council designate that province for the purposes of section 347.1Footnote a of the Criminal CodeFootnote b;

Therefore, His 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 Saskatchewan for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code.

Province Designated

 Saskatchewan 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. Central Time or — in that part of the province in the Mountain Time zone — Mountain Time, on the first day on which the following are all in force:

  • (a) sections 5, 18 and 19 of The Payday Loans Act, S.S. 2007, c. P-4.3; and

  • (b) section 14 of The Payday Loans Regulations, R.R.S. c. P-4.3 Reg. 1.

 
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