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Newfoundland Regulation 1997


NEWFOUNDLAND REGULATION 55/97

NEWFOUNDLAND REGULATION 55/97

Consumer Protection Regulations (Amendment)
under the
Consumer Protection Act
(O.C. 97‑255)

(Filed May 21, 1997)

Under the authority of section 23 of the Consumer Protection Act, the Lieutenant‑Governor in Council makes the following regulation.

Dated at St. John's, May 16, 1997.

John Cummings
for the Clerk of the Executive Council

REGULATION

Analysis


        1.   S.12 R&S
Exemptions


CNR 773/96

        1. Section 12 of the Consumer Protection Regulations is repealed and the following substituted:

Exemptions

      12. The Act does not apply to loans made by life insurance companies to policyholders solely on the security of the cash surrender values of their policies.