BC-3.1.24

Licensees must, at the time of singing the credit agreement, give the clients information on the payment schedule of the credit agreement, including the breakdown of principal, profit/interest and other charges per month for the whole life of the facility. Information must be given, free of charge, at least on a semi-annual basis, unless the period of debt servicing is shorter or where there exists a prior agreement on a more frequent basis.

Amended: January 2019
January 2014