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Volume 60, No. 4

54/2017

The British Columbia Gazette,

Part II

March 14, 2017

B.C. Reg. 54/2017 , deposited March 1, 2017, under the BUSINESS PRACTICES AND CONSUMER PROTECTION ACT [section 183 (2) (e)]. Order in Council 95/2017, approved and ordered February 28, 2017.

On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that, effective March 1, 2017, the Disclosure of the Cost of Consumer Credit Regulation, B.C. Reg. 273/2004, is amended as set out in the attached Appendix.

— M. MORRIS, Minister of Public Safety and Solicitor General ; T. STONE, Presiding Member of the Executive Council .

Appendix

Section 19 of the Disclosure of the Cost of Consumer Credit Regulation, B.C. Reg. 273/2004, is repealed and the following substituted:

Access to statements by electronic means

(1) For the purposes of sections 66 (2) and (3), 84, 85, 87 (1), 88 (1), in relation to a disclosure statement that must be given in accordance with subsection (2) (

b) of that section, 89 (2) and (4), 91, 98 (1) and 101 (1) of the Act, a credit grantor, credit card issuer or lessor, as applicable, may give a disclosure statement to a borrower, cardholder or lessee, as applicable, by providing access to a copy of the statement by electronic means if

(

a) when access is provided, the credit grantor, credit card issuer or lessor, as the case may be, provides the borrower, cardholder or lessee, as the case may be, with notice by electronic means that the statement is available, and

(

b) the borrower, cardholder or lessee, as the case may be, consents in writing.

(2) For the purpose of

section 92 (1) of the Act, a credit grantor may give a statement of account to a borrower by providing access to a copy of the statement by electronic means if

(

a) when access is provided, the credit grantor provides the borrower with notice by electronic means that the statement is available, and

(

b) the borrower consents in writing.

(3) For the purpose of

section 98 (2) (

a) of the Act, a credit card issuer may give a statement of account or a document with a statement of account to a cardholder by providing access to a copy of the statement of account or the document with the statement of account by electronic means if

(

a) when access is provided, the credit card issuer provides the cardholder with notice by electronic means that the statement of account or the document with the statement of account is available, and

(

b) the cardholder consents in writing.

Section 20 is amended by striking out “ A statement of account given ” and substituting “ A disclosure statement, statement of account or document with a statement of account given ”.

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