Humanizing Debt Collection
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CDSSA
Amendments to the Ontario Collection and Debt Settlement Services Act and its regulations (CDSSA) came into effect starting the first of this month (January 1, 2018). The CDSSA was amended by Bill 59, the Putting Consumers First Act (Consumer Protection Statute Law Amendment), 2017. The main change from a consumer’s point of view was to...
Do Lenders Need to Register a New Financing Statement For Each Secured Loan They Make?
The concept of lenders insisting that borrowers provide collateral to secure the repayment of loans is perhaps almost as old as lending itself. For much of history, however, if borrowers wished to provide personal property as collateral, a lender’s only option was to take physical possession of the collateral until such time as the loan...
When Does the Limitation Period Start?
Last November at the 2016 SCORE Statistical Consulting Dormant Debt Conference in Toronto, I listened to panel members express differing opinions on when the limitation period starts for contractual debts. It was my first time attending this conference and I wanted to “graze around the edges” before joining the herd so I kept my thoughts to...