Laws Online Results
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An Act to End Predatory Lending
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Requires the Minister to work with financial institutions and community advocacy groups to promote and report on development and implementation of short term lending alternatives to payday loans. The Act will allow the Lieutenant Governor in Council, acting on the Minister’s advice, to further reduce the maximum cost of borrowing to an annualized 60 per cent when they are satisfied that these alternative products are available and there are sufficient numbers of individuals using these alternatives to payday loans.
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Chapter/Regulation: E-9.5 2016
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Status:
Office Consolidation
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Ministry Responsible: Service Alberta
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Current to 2017-12-15
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Item/ISBN#:
9780779800650
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Pages 3 |
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