A-8.2 - Credit Assessment Agents Act

Section 3 Disposition versions

2021-02-01

3. The Authority designates a personal information agent where it considers that the agent’s business with authorized financial institutions or banks, within the meaning of the Bank Act (S.C. 1991, c. 46), is significant enough to justify the designation.

It revokes the designation, on its own initiative or on an application made by the credit assessment agent concerned, where it considers that the significance of the business no longer justifies it.

Before designating a personal information agent or rejecting an application for the revocation of the designation of a credit assessment agent, the Authority must notify the prior notice prescribed by section 5 of the Act respecting administrative justice (chapter J-3) to the agent and grant the latter at least 10 days to submit observations.

2020, c. 21, s. 3.

Not in force

In force: 2021-02-01

3. The Authority designates a personal information agent where it considers that the agent’s business with authorized financial institutions or banks, within the meaning of the Bank Act (S.C. 1991, c. 46), is significant enough to justify the designation.

It revokes the designation, on its own initiative or on an application made by the credit assessment agent concerned, where it considers that the significance of the business no longer justifies it.

Before designating a personal information agent or rejecting an application for the revocation of the designation of a credit assessment agent, the Authority must notify the prior notice prescribed by section 5 of the Act respecting administrative justice (chapter J-3) to the agent and grant the latter at least 10 days to submit observations.

2020, c. 21, s. 3.