Bank Act (S.C. 1991, c. 46)

Marginal note:No increase or provision without express consent

• 627.32 (1) Subject to any regulations, an institution shall not

  • (a) increase the credit limit on a line of credit that is extended — or a credit card account that is opened — in Canada for a natural person other than for business purposes without first obtaining the person’s express consent to do so; or

  • (b) provide cheques that are issued on a credit card account that is opened in Canada for a natural person other than for business purposes without first obtaining the person’s express consent to do so.

• Marginal note:Oral consent — written confirmation

  (2) If the consent is given orally, the institution shall provide the person with written confirmation of the consent not later than the date of the first statement of account that is provided after the date of that consent.

• Marginal note:Use not consent

  (3) Use by the person of the line of credit or the credit card account, or of any service related to the line of credit or credit card account, does not constitute express consent for the purpose of subsection (1).