Whereas Manitoba 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 Manitoba has requested that the Governor in Council designate that province for the purposes of section 347.1 a of the Criminal Code b; S.C. 2007, c. 9, s. 2 R.S., c. C-46
Therefore, Her 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) a of the Criminal Code b, hereby makes the annexed Order Designating Manitoba for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code.
Province Designated
Manitoba is designated for the purposes of section 347.1 of the Criminal Code.
Coming into Force
This Order comes into force at 12:00 a.m. on the first day on which the following are in force:[Note: Order in force October 18, 2010.]
section 147 of The Consumer Protection Act, C.C.S.M. c. C200, as enacted by section 3 of The Consumer Protection Amendment Act (Payday Loans), S.M. 2006, c. 31; and
the Payday Loans Regulation, Man. Reg. 99/2007 as amended by Payday Loans Regulation, amendment, Man. Reg. 50/2010.