Consumer Creditors' Conduct Act




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An Act Respecting the
Conduct of Consumer Creditors

Short title

1 This Act may be cited as the Consumer Creditors' Conduct Act. R.S., c. 91, s. 1.


2 In this Act,

Supervision of Act

3 This Act shall be under the general supervision of the Minister of Consumer Affairs. R.S., c. 91, s. 3.

Rules of conduct

4 No creditor shall

Offence and penalty

5 (1) Every person who violates or fails to comply with any provision of this Act and every director of a corporation who knowingly concurs in a violation or failure to comply with any provision of this Act is guilty of an offence and liable on summary conviction to a penalty of not more than two thousand dollars or to imprisonment for a term of not more than one year, or both.

Penalty on corporation

(2) Where a corporation is convicted of an offence under subsection (1) it is liable to a penalty of not more than twenty-five thousand dollars.

Time limit for prosecution

(3) A prosecution under this Section may be commenced within one year from the date on which the offence is committed. R.S., c. 91, s. 5.

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