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Difference between revisions of "Interest and the Cost of Borrowing Money"
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Interest and the Cost of Borrowing Money (view source)
Revision as of 05:08, 21 September 2018
, 05:08, 21 September 2018no edit summary
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== Summary of the law== | == Summary of the law== | ||
[[File:Consumer_Law_and_Debt_-_Interest_and_the_Cost_of_Borrowing_Money.jpg|thumb|275px|right| link=| <span style="font-size:50%;">Image via www.istockphoto.com</span>]] | |||
A number of federal and provincial laws deal with the cost of credit. Each level of government has some constitutional authority over different aspects of the cost of credit. The federal government has jurisdiction over interest, banking and currency. The provinces generally have jurisdiction over property and financial institutions (other than banks) that operate wholly within the province. | A number of federal and provincial laws deal with the cost of credit. Each level of government has some constitutional authority over different aspects of the cost of credit. The federal government has jurisdiction over interest, banking and currency. The provinces generally have jurisdiction over property and financial institutions (other than banks) that operate wholly within the province. | ||