115Obligations of credit assistance providers before providing credit assistance for credit contracts

115  Obligations of credit assistance providers before providing credit assistance for credit contracts  (1) A licensee must not provide credit assistance to a consumer on a day (the assistance day) by:  (a) suggesting that the consumer apply, or assisting the consumer to apply, for a particular credit contract with a particular credit provider; or  (b) suggesting that the consumer apply, or assisting the consumer to apply, for an increase to the credit limit of a particular credit contract with a particular credit provider; unless the licensee has, within 90 days (or other period prescribed by the regulations) before the assistance day:  (c) made a preliminary assessment that:  (i) is in accordance with subsection 116(1); and  (ii) covers the period proposed for the entering of the contract or the increase of the credit limit; and  (d) made the inquiries and verification in accordance with section 117.  (2) A licensee must not provide credit assistance to a consumer on a day (the assistance day) by suggesting that the consumer remain in a particular credit contract with a particular credit provider unless the licensee has, within 90 days (or other period prescribed by the regulations) before the assistance day:  (a) made a preliminary assessment that:  (i) is in accordance with subsection 116(2); and  (ii) covers a period in which the assistance day occurs; and  (b) made the inquiries and verification in accordance with section 117.