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  • Public Disclosure Requirements for all Credit agreements

    • BC-4.2.9

      The following public disclosures must be made by conspicuous notice for all types of credit agreements:

      (a) Any obligation on the part of the customer to open a deposit account with the retail bank as a condition of granting the credit agreement;
      (b) Any late payment charges;
      (c) The level of fees for any special services rendered, or one-off expenses, as well as any amount collected by retail banks on behalf of third parties;
      (d) Any fees or charges payable under any linked or mandatory contract entered into as a condition for the granting of the credit agreement, such as payment protection insurance; and
      (e) Any other charges not included above.
      Added: October 2012