Cost of Credit Disclosure Harmonization

Organization

Consumer Measures Committee (CMC)

Published

1998

Summary

Changing patterns of credit use among Canadians have prompted the need to modernize laws governing credit. In particular, consumer leasing arrangements, similar to credit arrangements, have become increasingly used as a means of financing automobiles.

In order to keep up with this evolving commercial environment, reduce compliance costs and provide uniform consumer protection across Canada, Ministers responsible for Consumer Affairs agreed to a package of harmonization proposals presented to them at their meeting in Toronto in September 1996. Ministers then tasked the Consumer Measures Committee with developing a technical template expressing the harmonization proposals in sufficient detail to guide legal drafting and with conducting technical consultations with stakeholders.

This document is available in the following language(s):

Third-Party Information Liability Disclaimer

Some of the information on this Web page has been provided by external sources. The Government of Canada is not responsible for the accuracy, reliability or currency of the information supplied by external sources. Users wishing to rely upon this information should consult directly with the source of the information. Content provided by external sources is not subject to official languages, privacy and accessibility requirements.

English and French

Contact information

Address
Office of Consumer Affairs
Industry Canada
235 Queen Street, 6th Floor, West Tower
Ottawa, ON  K1A 0H5
Telephone
(613) 943-2502
Fax
(613) 952-6927

Source: Consumer Policy Research Database

Date Modified: