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"Point in Time" Regulation Content

Business Practices and Consumer Protection Act

Disclosure of the Cost of Consumer Credit Regulation

B.C. Reg. 273/2004

NOTE: Links below go to regulation content as it was prior to the changes made on the effective date. (PIT covers changes made from September 19, 2009 to "current to" date of the regulation.)
Part 5 March 3, 2014
Section 18 March 30, 2022
Section 19 March 1, 2017
Section 20 March 1, 2017

 Part 5 was enacted by BC Reg 26/2014, effective March 3, 2014.

 Section 18 (2) (b) BEFORE amended by BC Reg 76/2022, effective March 30, 2022.

(b) a loan made by a life insurance company under a life insurance policy to the insured or his or her assignee solely on the security of the cash surrender value of the policy;

 Section 19 BEFORE re-enacted by BC Reg 54/2017, effective March 1, 2017.

Access to statements by electronic means

19   For the purpose of section 92 (1) of the Act, a credit grantor may give a statement of account to a borrower by providing access to a copy of the statement by electronic means if

(a) when access is provided, the credit grantor provides the borrower with notice by electronic means that the statement is available, and

(b) the borrower consents in writing.

[en. B.C. Reg. 26/2014.]

 Section 20 BEFORE amended by BC Reg 54/2017, effective March 1, 2017.

Deemed receipt of statement

20   A statement of account given in accordance with section 19 is deemed to be received on the 3rd day after access is provided.

[en. B.C. Reg. 26/2014.]