Order Designating New Brunswick for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code (SOR/2017-40)

Whereas New Brunswick has legislative measures that protect recipients of payday loans and that provide for limits on the total cost of borrowing under a payday loan agreement;

And whereas the Lieutenant Governor in Council of New Brunswick has requested that the Governor in Council designate that province for the purposes of section 347.1Footnote ^a of the Criminal CodeFootnote ^b;

Therefore, His Excellency the Governor General in Council, on the recommendation of the Minister of Justice and the Minister of Industry, pursuant to subsection 347.1(3)Footnote ^a of the Criminal CodeFootnote ^b, makes the annexed Order Designating New Brunswick for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code.

• Return to footnote ^aS.C. 2007, c. 9, s. 2

• Return to footnote ^bR.S., c. C-46