Requirements for credit repair agreements
 46. (1) For the purpose of section 49 of the Act, a consumer agreement for credit repair shall be signed by the consumer and the credit repairer and shall set out the following information: 1.  The name of the consumer. 2.  The name of the credit repairer and, if different, the name under which the credit repairer carries on business. 3.  The telephone number of the credit repairer, the address of the premises from which the credit repairer conducts business, and information respecting other ways, if any, in which the credit repairer can be contacted by the consumer, such as the fax number and e-mail address of the credit repairer. 4.  The names of, i.  the person, if any, who solicited the consumer in connection with the agreement, ii.  the person, if any, who negotiated the agreement with the consumer, and iii.  the person who concluded the agreement with the consumer. 5.  An itemized list of the services and goods that the credit repairer is to supply to the consumer, that fairly and accurately describes each service and good. 6.  As applicable, the date or dates on which delivery, commencement of performance, ongoing performance and completion of performance are to occur. 7.  The date by which the credit repairer is to cause a material improvement to the consumer report, credit information, file, personal information, credit record, credit history or credit rating of the consumer. 8.  The total amount payable by the consumer to the credit repairer and the terms and methods of payment. 9.  The portion, expressed in dollars and cents, of the total amount payable that is attributable to each service or good to be supplied under the agreement. 10.  The statement set out in subsection (2), i.  which shall be in at least 10 point type, except for the heading which shall be in at least 12 point bold type, and ii.  which shall appear on the first page of the agreement. 11.  The statement set out in subsection (3), i.  which shall be in at least 10 point type, except for the heading which shall be in at least 12 point bold type, and ii.  which shall appear on the first page of the agreement, unless there is a notice on the first page of the agreement in at least 12 point bold type indicating where in the agreement the statement appears. 12.  The date on which the agreement is entered into. 13.  If the agreement includes a trade-in arrangement, a description of the trade-in arrangement and the amount of the trade-in allowance. 14.  The currency in which amounts are expressed, if it is not Canadian currency. 15.  Any other restrictions, limitations and conditions that are imposed by the credit repairer.  O. Reg. 17/05, s. 46 (1). (2) The statement mentioned in paragraph 10 of subsection (1) is as follows: Your Rights under the Consumer Reporting Act If a consumer reporting agency maintains a credit file with respect to you, you have the right to dispute with the agency, at no cost to you, the accuracy or completeness of the information about you in its file.  You do not need to hire a credit repairer, or anyone else, to exercise this right.  If the file contains inaccurate or incomplete information, the consumer reporting agency must correct it within a reasonable period of time. However, you do not have the right to have negative information that is accurate removed from your credit file.  The consumer reporting agency generally removes negative information after seven (7) years. You may also file a complaint with the Ministry of Consumer and Business Services regarding the information about you in a credit file maintained by a consumer reporting agency. O. Reg. 17/05, s. 46 (2). (3) The statement mentioned in paragraph 11 of subsection (1) is as follows: Your Rights under the Consumer Protection Act, 2002 You may cancel this agreement at any time during the period that ends ten (10) days after the day you receive a written copy of the agreement.  You do not need to give the credit repairer a reason for cancelling during this 10-day period. In addition, there are grounds that allow you to cancel this agreement.  You may also have other rights, duties and remedies at law.  For more information, you may contact the Ministry of Consumer and Business Services. To cancel this agreement, you must give notice of cancellation to the credit repairer, at the address set out in the agreement, by any means that allows you to prove the date on which you gave notice.  If no address is set out in the agreement, use any address of the credit repairer that is on record with the Government of Ontario or the Government of Canada or is known by you. It is an offence for the credit repairer to require or accept payment or security for payment in advance of causing a material improvement to your credit file.  If, before causing a material improvement to your credit file, the credit repairer requires or accepts payment, or security for payment, from you, you may, within one (1) year from the date of providing the payment or security, demand that it be returned. If you cancel this agreement, the credit repairer has fifteen (15) days to refund any payment you have made and return to you all goods delivered under a trade-in arrangement (or refund an amount equal to the trade-in allowance). O. Reg. 17/05, s. 46 (3).