Sentences with phrase «limit in a consumer proposal»

The Bankruptcy & Insolvency Act sets the debt limit in a consumer proposal to $ 250,000 in debt, excluding the mortgage on your principal residence.

Not exact matches

In addition, these proposals will limit future Medicaid Program State Funds growth to the 10 - year rolling average of the medical care component of the Consumer Price Index (currently four percent).

This higher debt limit (it was increased from $ 75,000 in 2009) is one of the primary reasons why more than 50 % of all insolvencies in Ontario are now consumer proposals.

Insolvent debtors with a household income above the government mandated thresholds limits are more likely to choose a consumer proposal as an alternative to bankruptcy in order to spread potential surplus income payments over a period of up to five years.

«The Kerry - Lieberman proposal will result in only limited energy savings, and without these savings, costs to consumers will be higher.»

On Aug. 15, 2012, the Consumer Financial Protection Bureau (CFPB) published in the Federal Register a proposal to implement new Home Ownership and Equity Protection Act (HOEPA) rules that expand the coverage of this statute and tightens the limits of what is considered a high cost loan.

As stated in the proposal, the information regarding the index and margin applicable to the interest rate changes, the lifetime cap and floor on the interest rate, and limits on interest rate adjustments are not currently provided together to consumers in a clear, readily visible, and understandable manner.

In the Bureau's 2012 RESPA Mortgage Servicing Proposal, the Bureau proposed to limit the scope of the servicing disclosure statement to closed - end reverse mortgage transactions to conform § 1024.33 (a) to the comprehensive amendments to consumer mortgage disclosures proposed by the Bureau in the TILA - RESPA ProposaIn the Bureau's 2012 RESPA Mortgage Servicing Proposal, the Bureau proposed to limit the scope of the servicing disclosure statement to closed - end reverse mortgage transactions to conform § 1024.33 (a) to the comprehensive amendments to consumer mortgage disclosures proposed by the Bureau in the TILA - RESPA Proposain the TILA - RESPA Proposal.