MHHS · Consumer Protection Act
Part 9 — Cost of Credit Disclosure Division 1 Interpretation and Application
64 Time at which disclosure statement to be delivered
statement for a credit agreement other than a mortgage loan to the
borrower before the earlier of the following occurs:
(a) the borrower enters into the credit agreement;
RSA 2000
(b) the borrower makes any payment in connection with the
credit agreement.
(2) The credit grantor must deliver the initial disclosure statement
for a mortgage loan to the borrower at least 2 business days before
the earlier of the following occurs:
(a) the borrower incurs any obligation to the credit grantor i n
connection with the mortgage loan, other than an obligation
in respect of a charge referred to in section 59(3)(f) or
prescribed by regulation for the purposes of this clause;
(b) the borrower makes any payment to the credit grantor in
connection with the mortgage loan, other than a payment in
respect of a charge referred to in section 59(3)(f) or
prescribed by regulation for the purposes of this clause.
(3) When authorized by the regulations, the time period referred to
in subsection (2) may be waived in accordance with terms and
conditions set out in the regulations.
1998 cF-1.05 s64