Order Designating Prince Edward Island for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code
P.C. 2014-1298 2014-11-27
Whereas Prince Edward Island 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 Prince Edward Island 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, makes the annexed Order Designating Prince Edward Island for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code.
Coming into Force
(a) sections 6 to 8 and 30 of the Payday Loans Act, R.S.P.E.I. 1988, Cap. P-2.1; and
(b) section 24 of the Payday Loans Act Regulations, EC2013-67.
Return to footnote *[Note: Order not in force.]
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