Know your obligations

The information on this page is to help you understand the high-cost credit products law and ensure you maintain your good standing as a business. This is a general overview of our expectations and the laws we oversee. It is your responsibility as a BC-licensed high-cost credit grantor to review the laws in detail. You may also have other legal obligations beyond those mentioned below. It is your responsibility to be aware of all your legal obligations.

Read the Business Practices and Consumer Protection Act.
Read the high-cost credit product amendments in the Business Practices and Consumer Protection Amendment Act, 2019.
Read the High-Cost Credit Product Regulation (currently available through OIC 635/2021).
Understand all our policies, including administrative penalties.
Understand our inspection and complaint handling processes and our enforcement tools.