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P-40.1, r. 3 - Regulation respecting the application of the Consumer Protection Act

Section 79.12
Disposition versions

Full text
79.12. For the purposes of section 214.11 of the Act, the rate of interest on the amount provided as a security deposit is the Bank Rate of the Bank of Canada increased by 1%.
The interest must be calculated from the date on which the consumer provided the security deposit until the date on which the merchant returns it to the consumer.
O.C. 495-2010, s. 15.
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