The Consultation Paper, among other things, proposes draft regulation language implementing these amendments and proposes to exempt the following from the application of the Act:
In addition, the Consultation Paper proposes certain limits on the scope of the exemption for lawyers (which is to be extended to paralegals). In short, if the collection activity falls within a service that only a lawyer or paralegal may provide, then registration will not be required.
Following completion of the consultation process, the Consultation Paper indicates that final regulations will be published for review, with a proposed phase-in effective period of 60 days after such regulations are proclaimed in force.
NOTE: Comments on the Consultation Paper are due September 8, 2017.
The content provided in this blog is intended to provide a general overview of the proposed Debt Collection Legislation and Consultation Paper. Should you require further advice regarding your specific circumstances, please contact us
at Collectrite Collections or email email@example.com directly with any questions or comments.