P-40.1 - Consumer Protection Act

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71. The merchant must state the credit charges in terms of dollars and cents, and indicate that they apply
(a)  to the entire term of the contract in the case of a contract for the loan of money or a contract involving credit, or
(b)  to the period covered by the statement of account in the case of an open credit contract.
1978, c. 9, s. 71; 2017, c. 24, s. 68.
71. The merchant must state the credit charges in terms of dollars and cents, and indicate that they apply
(a)  to the entire term of the contract in the case of a contract for the loan of money or a contract involving credit, or
(b)  to the period covered by the statement of account in the case of a contract extending variable credit.
1978, c. 9, s. 71.