Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:89
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 89
Character Range: 357536–358140

89  Information about proceeds of sale of mortgaged goods
  For subsection 104(3) of the Code, the information required to be given to a mortgagor is an itemised account of each deduction made from the gross amount realised on the sale to arrive at the net proceeds of sale.
Note: Subsection 104(3) of the Code requires a credit provider that sells mortgaged goods to give the mortgagor a written notice stating the gross amount realised on the sale, the net proceeds of the sale and certain other information, including other information required by the regulations.

Part 7‑6—Related sale contracts