• Proposed Amendments to the Québec Consumer Protection Act Will Have an Important Impact on Consumer Credit
  • November 21, 2011 | Author: Alexandra Nicol
  • Law Firm: Borden Ladner Gervais LLP - Montreal Office
  • In June 2011, the Québec government introduced Bill 24 entitled “An Act mainly to combat consumer debt overload and modernize consumer credit rules.” The bill was adopted in principle on November 8, 2011 and is now being studied in parliamentary committee. With this bill, the government aims to modernize the provisions of the Consumer Protection Act, mainly in respect of consumer credit. To do so, the government is proposing a series of measures - some of which are presented below - imposing certain obligations on merchants and aiming to protect consumers from high debt levels. It is interesting to note that the bill also aims to add new rules concerning long-term leasing agreements, contracts made with itinerant merchants, distance contracts, debit cards and other subjects.