Sentences with phrase «notice of the consumer proposal»

When the bank receives notice of your consumer proposal, or bankruptcy, they have the right to offset the money that was in your bank account as of the day you filed against any debt you owe them.

The payday loan company claimed that since it took time to get notice of the consumer proposal, they can do this.

Not exact matches

The purpose of the notice is to make all of your creditors aware of your consumer proposal.

If you have been bankrupt or filed a consumer proposal, the notice of your filing will be removed from your credit report after a certain period of time.

(2) A consumer debtor who has filed a notice of intention or lodged a proposal under Division I may not make a consumer proposal until the trustee appointed in respect of the notice of intention or proposal under Division I has been discharged.

Under the Dodd - Frank Wall Street Reform and Consumer Protection Act, the CPFB is required to propose a regulation by July 21, 2012 and it is expected to do so, the industry groups would like it to be an advanced notice of proposed rule - making that will give industry two chances to comment on the proposal and seek needed changes.

The Bureau stated in the proposal that it believed that, by providing the consumer with basic information about the property that is the subject of the loan transaction, this disclosure will promote the informed use of credit and more effective advance notice of settlement costs and will enable consumers to better understand the costs, benefits, and risks associated with mortgage transactions.

The Bureau noted in the proposal that consumer testing conducted by the Bureau indicated that use of the prominent question mark icon in the questions notice drew consumers» attention to the notice.