Consumer Protection Act (amended)

BILL NO. 199

(as introduced)

1st Session, 59th General Assembly
Nova Scotia
54 Elizabeth II, 2005

Private Member's Bill

Consumer Protection Act
(amended)

Kevin Deveaux
Cole Harbour-Eastern Passage

First Reading: May 10, 2005

(Explanatory Note)

Second Reading:

Third Reading:

Explanatory Note

This Bill amends the Consumer Protection Act to provide that a lender may not charge a borrower interest on the principal of a debt that has already been repaid under an instalment payment plan agreement.

An Act to Amend Chapter 92
of the Revised Statutes, 1989,
the Consumer Protection Act

Be it enacted by the Governor and Assembly as follows:

1 Chapter 92 of the Revised Statutes, 1989, the Consumer Protection Act, is amended by adding immediately after Section 16 the following Section:

16A A lender may not charge a borrower interest on any part of the principal of a debt, loan or credit that has previously been repaid under an instalment payment plan agreement.

This page and its contents published by the Office of the Legislative Counsel, Nova Scotia House of Assembly, and © 2005 Crown in right of Nova Scotia. Created May 10, 2005. Send comments to legc.office@novascotia.ca.

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