P-40.1 - Consumer Protection Act

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128.1. The merchant may not allow the consumer to make transactions that exceed the credit limit during a period unless the merchant
(a)  sends the consumer a notice stating that the consumer made a transaction resulting in the credit limit granted being exceeded; and
(b)  imposes no charges on the consumer for exceeding the credit limit.
The withholding of an amount on a credit card is not considered to be a transaction for the purposes of this section.
2017, c. 242017, c. 24, s. 34.