Disclosure of Interest (Trust and Loan Companies) Regulations
Version of section 4 from 2014-11-21 to 2024-10-30:
4 Where there is a change in the rate of interest, or in the manner of calculating the amount of interest, that is applicable to a deposit account, the company shall disclose the changes by means of
(a) a written statement delivered to the person in whose name the account is maintained;
(b) a written statement copies of which are available and displayed in each branch of the company where deposit accounts are kept; or
(c) a general notice that is displayed in each of the company’s branches where deposit accounts are kept, at each of the company’s points of service and on the company’s websites through which it offers deposit accounts in Canada.
- SOR/2009-47, s. 3
- SOR/2014-273, s. 38(F)
- Date modified: