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New Brunswick's New Cost of Credit Disclosure Act

The Canadian Province of New Brunswick recently brought into force a new Cost of Credit Disclosure Act and New Brunswick Regulation 2010-104 under the Cost of Credit Disclosure Act. The provisions of the Act and the Regulation change significantly the disclosure requirements applicable in New Brunswick.

11 minute read October 26, 2010 at 10:56 AM
By
Suhuyini Abudulai and Jennifer Reed
New Brunswick's New Cost of Credit Disclosure Act

Canada's consumer finance laws have always been disjointed, with different provinces having different rules as to what information must be disclosed to a consumer, as well as how to calculate the applicable interest rate for certain agreements.

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