Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 451 from 2003-01-01 to 2022-06-29:

Marginal note:Calculating borrowing costs

 The cost of borrowing shall be calculated, in the prescribed manner, on the basis that all obligations of the borrower are duly fulfilled and shall be expressed as a rate per annum and, in prescribed circumstances, as an amount in dollars and cents.

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