Order Designating Prince Edward Island for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code SOR /2014-277 CRIMINAL CODE Registration 2014-11-28 Order Designating Prince Edward Island for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code P.C. 2014-1298 2014-11-27
Whereas Prince Edward Island 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 Prince Edward Island has requested that the Governor in Council designate that province for the purposes of section 347.1 Footnote a of the Criminal Code Footnote b , Return to footnote a S.C. 2007, c. 9, s. 2 Return to footnote b R.S., c. C-46 Therefore, His 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) Footnote a of the Criminal Code Footnote b , makes the annexed Order Designating Prince Edward Island for the Purposes of the Criminal Interest Rate Provisions of the Criminal Code . Province Designated The following provision is not in force. 1 A