Part 9 — Cost of Credit Disclosure Division 1 Interpretation and Application
101 Division 7 Regulations Regulations
(a) respecting the criteria in determining what constitutes an
interest rate;
(b) respecting the calculation of the APR for the purposes of
credit agreements and leases;
(c) defining "high-ratio mortgage" for the purposes of section
59(3)(f)(iii) and (g);
(d) designating what is value r eceived by a borrower for the
purposes of section 59(3)(h);
(e) respecting terms and conditions for the waiver of the time
period referred to in section 64(2);
(f) respecting, in addition to t he requirements set out in this
Part,
(i) the form of disclosure statements and the form of
disclosure in advertisements,
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(ii) information to be disclosed in a disclosure statement or
advertisement, and
(iii) the manner in which infor mation may be disclosed under
this Act and the regulations;
(g) respecting the form and manner in which information
referred to in sections 76 and 83 must be disclosed in an
advertisement;
(h) respecting the manner in which a refund referred to in
section 67(2)(b) may be determined;
(i) determining the portion of each non-interest finance charg e
that must be refunded or credited to the borrower under
section 68(4);
(j) respecting what constitutes reasonable charges for the
purpose of section 69;
(k) respecting the information that must be disclosed for the
purposes of sections 76(1) and (2), 77, 78(1) and (2), 80(2),
81, 83(1) and (2), 84, 85(4) and (6), 87(1) and (3), 92 and
93;
(l) respecting the transactions to which section 89(3) does not
apply;
(m) respecting, for the purpo ses of section 94, the calculation of
a lessee's maximum liability at the end of the term of a
residual obligation lease after returning the leased goods to
the lessor;
(n) restricting or broadening the definition of "capitalized
amount";
(o) defining any term or expression not otherwise defined in
this Part;
(p) respecting the early termina tion of leases, including the
early exercise of purchase options, and, in particular,
limiting the compensation or penalties payable by a lessee
on the early termination of a lease;
(q) respecting the terms and conditions applicable to reverse
mortgages.
(2) The Lieutenant Governor in Council may make regulations
respecting the exemption of any class of advertisement, credit
agreement, credit grantor, loan broker, lease or lessor from the
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application of this Part or the regulations or of any provision of this
Part or the regulations.
RSA 2000 cF-2 s101;2005 c9 s32