No. i03- 2nd Session, 15th Legislature, Alberta 13 Elizabeth II BILL 103 A Bill to amend The Credit and Loan Agreements Act HON. MR. AALBORG Printed by L. S. WALL, Printer to the Queen's Most Excellent Majesty, Edmonton, Alberta, 1965

ExplaRl!tory Note I. This Bill amends

chapter 66 of the Revised Statutes.

Section 5a and

section 7, clause (

d) read: Sa. The Lieutenant Governor in Council may prescribe or approve formulas or tables to be used by sellers in determining the percentage figure required to be given on a time sale pursuant to clause (il) of subsection (1) of

section 4. 7. A loan agreement shall, in writing or in printing not smaller than ten point print, set out (

d) the whole cost of the loan to the borrower expressed as a rate per ~entum per annum on the amount actually advan~ed to the borrower and declining balances thereof from time to time outstanding, 3. Commencement of Act.

BILL No. 103 of 1965

An Act to amend The Credit and Loan Agreements Act (Assented to , 1965) HER MAJESTY, by and with the advice and consent of . the Legislative Asse.mbly of the Province of ALberta, enacts as follows: 1. The Credit and Loan Agreements Act is hereby amended.

Section 5a is amended by adding immediately at the end thereof the words "and to be used by l-enders in deter­ mining the percentage figure required to be given on a loan pursuant to. clause (

d) of

section 7". 3. Th.is Act comes into force on a date to be fixed by Pro.clamation.

No. 103 SECOND SESSION FIFTEENTH LEGISLATURE 13 ELIZABETH II 1965 BILL

An Act to amend The· Credit· and Loan Agreements Act Received and read the First time ............................ . Second time. Third time. HON. MR. AALBORG Title: 1965 (15th, 2nd) Bill 103,

An Act to amend The Credit and Loan Agreements Act