SoVote

Decentralized Democracy

House Bill

Bill C-213

44th Parl. 1st Sess.
December 14, 2021
An Act to amend the Criminal Code (criminal interest rate)
  • This bill, also known as Bill C-213, aims to make changes to the Criminal Code related to interest rates. It lowers the threshold at which an interest rate becomes a criminal rate and includes charges paid for insurance coverage in the calculation of the interest rate. Additionally, it repeals a section that pertains to payday loan agreements. The purpose of this bill is to provide more regulation and protection for individuals when it comes to borrowing and lending money.
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