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The Government of Ontario has issued a consultation paper, seeking input with respect to regulations it proposes to make under the Collection and Debt Settlement Services Act (the "Act"). This regulations are part of the Government's ongoing reforms to legislation governing debt collection, which began with amendments to the Act effected by Bill 59, the Putting Consumers First Act (Consumer Protection Statute Law Amendment), 2017.
The Government of Ontario has issued a consultation paper, seeking input with respect
to regulations it proposes to make under the Collection and Debt Settlement Services Act
(the "Act"). This regulations are part of the
Government's ongoing reforms to legislation governing debt
collection, which began with amendments to the Act effected by Bill 59, the Putting Consumers First Act (Consumer
Protection Statute Law Amendment), 2017. Financial
institutions may wish to make submissions in response to the
consultation paper, as the regulations will affect the manner in
which they can collect on debts. Comments are due by
September 8, 2017.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
