Disclosure of Interest (Retail Associations) Regulations

Marginal note:Disclosure of changes

3 A retail association shall disclose any change in the rate of interest applicable to a deposit account or any change in the manner of calculating the amount of interest applicable to the deposit account, by means of

• (a) a written statement delivered to the person in whose name the account is kept;

• (b) a written statement copies of which are available and displayed in each branch of the retail association where deposit accounts are kept; or

• (c) a general notice that is displayed in each of the retail association’s branches where deposit accounts are kept, at each of the retail association’s points of service and on the retail association’s websites through which it offers deposit accounts in Canada.