Order Designating Manitoba for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code
P.C. 2008-1091 2008-06-12
Whereas Manitoba has legislative measures that protect recipients of payday loans and that provide for limits on the total cost of borrowing under a payday loan agreement;
And whereas the Lieutenant Governor in Council of Manitoba has requested that the Governor in Council designate that province for the purposes of section 347.1Footnote a of the Criminal CodeFootnote b;
Therefore, Her Excellency the Governor General in Council, on the recommendation of the Minister of Justice and the Minister of Industry, pursuant to subsection 347.1(3)Footnote a of the Criminal CodeFootnote b, hereby makes the annexed Order Designating Manitoba for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code.
Coming into Force
(a) sections 138 to 162 of The Consumer Protection Act, C.C.S.M., c. C200, as enacted by section 3 of The Consumer Protection Amendment Act (Payday Loans), S.M. 2006, c. 31;
(b) the Payday Loans Regulation, Man. Reg. 99/2007; and
(c) an order made by The Public Utilities Board of Manitoba under subsection 164(2) of The Consumer Protection Act.
Return to footnote *[Note: Regulations not in force.]
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