MHHS · Consumer Protection Act
Part 12 — .1
124.7 Consequence of failure to comply
(4), 124.51(1), (2) or (4), 124.6 or 124.61, any requirement is not
complied with or any prohibition is contravened,
(a) all amounts in respect o f the payday loan except the
principal cease to be permissible charges, and
(b) the borrower is not liable to pay the payday lender any
amount that exceeds the principal of the payday loan.
2016 cE-9.5 s8