26BCredit guide of credit provider or lessor—information about mortgage managers and product designers

26B Credit guide of credit provider or lessor—information about mortgage managers and product designers

(1) This regulation is made for the following provisions of the Act: (a) paragraph 126(2)(g) (credit guide of credit providers); (b) paragraph 149(2)(g) (credit guide of lessors). (2) If a licensee is likely to enter into a credit contract or consumer lease with a consumer as a result of a mortgage manager or a product designer providing credit assistance to the consumer, the licensee’s credit guide must include the information in subregulation (3). (3) The licensee must include an explanation of the relationship between: (a) the licensee and the mortgage manager; or (b) the licensee and the product designer.