Bank Act (S.C. 1991, c. 46)
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Act current to 2026-09-21 and last amended on 2026-09-01. Previous Versions
Marginal note:Cancellation — certain products or services
627.11 (1) If an institution enters into an agreement with a person in respect of a retail deposit account, deposit-type instrument, credit card account or any prescribed product or service in Canada, the institution shall allow the person to cancel the agreement in accordance with any prescribed requirements.
Marginal note:Obligation of institution
(2) If the person cancels the agreement, the institution shall meet any prescribed requirements.
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