Marginal note:Disclosing borrowing costs
568 (1) An authorized foreign bank shall not make a loan to a natural person that is repayable in Canada unless the cost of borrowing, as calculated and expressed in accordance with section 569, and other prescribed information have been disclosed by the authorized foreign bank to the borrower at the prescribed time and place and in the prescribed form and manner.
(2) Subsection (1) does not apply in respect of a loan that is of a prescribed class of loans.
- 1991, c. 46, s. 568
- 1999, c. 28, s. 35
- 2012, c. 5, s. 65
- Date modified: