{"id":14094,"date":"2021-06-28T14:19:11","date_gmt":"2021-06-28T14:19:11","guid":{"rendered":"https:\/\/margill.com\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/"},"modified":"2025-10-10T09:19:09","modified_gmt":"2025-10-10T13:19:09","slug":"quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274","status":"publish","type":"post","link":"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/","title":{"rendered":"What\u2019s criminal? Lenders beware \u2013 amendments to Criminal Code under Bill C-274"},"content":{"rendered":"<p>An Act to amend the Criminal Code Bill-C-274 (the Bill) entered first reading in the House of Commons on May 11, 2021. The Bill would amend<sup>1<\/sup>\u00a0the definitions of \u201ccriminal rate\u201d and \u201cinterest\u201d in subsection 347(2) of the\u00a0<em>Criminal Code<\/em>, while also repealing section 347.1, which had allowed certain exceptions for payday loans.<\/p>\n<p>The Bill will be of interest to lenders, especially payday lenders and other non-traditional lenders, as the amendments proposed would lower the criminal rate at which interest charged or received is under the\u00a0<em>Criminal Code<\/em>\u00a0from 60% to 30%.<\/p>\n<p>To continue to read the text by Me Joyce M. Bernasek and Me Ramz Aziz from the law firm Osler, <a href=\"https:\/\/www.osler.com\/en\/resources\/regulations\/2021\/what-s-criminal-lenders-beware-amendments-to-criminal-code-under-bill-c-274\" target=\"_blank\" rel=\"noopener\">follow this link<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Act to amend the Criminal Code Bill-C-274 (the Bill) entered first reading in the House of Commons on May 11, 2021. The Bill would amend1\u00a0the definitions of \u201ccriminal rate\u201d and \u201cinterest\u201d in subsection 347(2) of the\u00a0Criminal Code, while also repealing section 347.1, which had allowed certain exceptions for payday loans. The Bill will be [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[421],"tags":[],"class_list":["post-14094","post","type-post","status-publish","format-standard","hentry","category-margill-and-industry-new"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>What\u2019s criminal? Lenders beware \u2013 amendments to Criminal Code under Bill C-274 - Margill<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"What\u2019s criminal? Lenders beware \u2013 amendments to Criminal Code under Bill C-274 - Margill\" \/>\r\n<meta property=\"og:description\" content=\"An Act to amend the Criminal Code Bill-C-274 (the Bill) entered first reading in the House of Commons on May 11, 2021. The Bill would amend1\u00a0the definitions of \u201ccriminal rate\u201d and \u201cinterest\u201d in subsection 347(2) of the\u00a0Criminal Code, while also repealing section 347.1, which had allowed certain exceptions for payday loans. The Bill will be [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Margill\" \/>\r\n<meta property=\"article:published_time\" content=\"2021-06-28T14:19:11+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2025-10-10T13:19:09+00:00\" \/>\r\n<meta name=\"author\" content=\"Kim Ouellette\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kim Ouellette\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/\"},\"author\":{\"name\":\"Kim Ouellette\",\"@id\":\"https:\/\/margill.com\/en\/#\/schema\/person\/fb5fb76af498fd0e71cd304825c2c777\"},\"headline\":\"What\u2019s criminal? Lenders beware \u2013 amendments to Criminal Code under Bill C-274\",\"datePublished\":\"2021-06-28T14:19:11+00:00\",\"dateModified\":\"2025-10-10T13:19:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/\"},\"wordCount\":122,\"articleSection\":[\"Margill and Industry New\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/\",\"url\":\"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/\",\"name\":\"What\u2019s criminal? Lenders beware \u2013 amendments to Criminal Code under Bill C-274 - Margill\",\"isPartOf\":{\"@id\":\"https:\/\/margill.com\/en\/#website\"},\"datePublished\":\"2021-06-28T14:19:11+00:00\",\"dateModified\":\"2025-10-10T13:19:09+00:00\",\"author\":{\"@id\":\"https:\/\/margill.com\/en\/#\/schema\/person\/fb5fb76af498fd0e71cd304825c2c777\"},\"breadcrumb\":{\"@id\":\"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/margill.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What\u2019s criminal? Lenders beware \u2013 amendments to Criminal Code under Bill C-274\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/margill.com\/en\/#website\",\"url\":\"https:\/\/margill.com\/en\/\",\"name\":\"Margill\",\"description\":\"Loan Servicing Solutions \/ Interest Calculators\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/margill.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/margill.com\/en\/#\/schema\/person\/fb5fb76af498fd0e71cd304825c2c777\",\"name\":\"Kim Ouellette\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What\u2019s criminal? Lenders beware \u2013 amendments to Criminal Code under Bill C-274 - Margill","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/","og_locale":"en_US","og_type":"article","og_title":"What\u2019s criminal? Lenders beware \u2013 amendments to Criminal Code under Bill C-274 - Margill","og_description":"An Act to amend the Criminal Code Bill-C-274 (the Bill) entered first reading in the House of Commons on May 11, 2021. The Bill would amend1\u00a0the definitions of \u201ccriminal rate\u201d and \u201cinterest\u201d in subsection 347(2) of the\u00a0Criminal Code, while also repealing section 347.1, which had allowed certain exceptions for payday loans. The Bill will be [&hellip;]","og_url":"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/","og_site_name":"Margill","article_published_time":"2021-06-28T14:19:11+00:00","article_modified_time":"2025-10-10T13:19:09+00:00","author":"Kim Ouellette","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kim Ouellette","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/#article","isPartOf":{"@id":"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/"},"author":{"name":"Kim Ouellette","@id":"https:\/\/margill.com\/en\/#\/schema\/person\/fb5fb76af498fd0e71cd304825c2c777"},"headline":"What\u2019s criminal? Lenders beware \u2013 amendments to Criminal Code under Bill C-274","datePublished":"2021-06-28T14:19:11+00:00","dateModified":"2025-10-10T13:19:09+00:00","mainEntityOfPage":{"@id":"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/"},"wordCount":122,"articleSection":["Margill and Industry New"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/","url":"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/","name":"What\u2019s criminal? Lenders beware \u2013 amendments to Criminal Code under Bill C-274 - Margill","isPartOf":{"@id":"https:\/\/margill.com\/en\/#website"},"datePublished":"2021-06-28T14:19:11+00:00","dateModified":"2025-10-10T13:19:09+00:00","author":{"@id":"https:\/\/margill.com\/en\/#\/schema\/person\/fb5fb76af498fd0e71cd304825c2c777"},"breadcrumb":{"@id":"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/margill.com\/en\/quest-ce-quun-acte-criminel-preteurs-soyez-a-laffut-des-modifications-apportees-au-code-criminel-en-vertu-du-projet-de-loi-c-274\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/margill.com\/en\/"},{"@type":"ListItem","position":2,"name":"What\u2019s criminal? Lenders beware \u2013 amendments to Criminal Code under Bill C-274"}]},{"@type":"WebSite","@id":"https:\/\/margill.com\/en\/#website","url":"https:\/\/margill.com\/en\/","name":"Margill","description":"Loan Servicing Solutions \/ Interest Calculators","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/margill.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/margill.com\/en\/#\/schema\/person\/fb5fb76af498fd0e71cd304825c2c777","name":"Kim Ouellette"}]}},"_links":{"self":[{"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/posts\/14094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/comments?post=14094"}],"version-history":[{"count":3,"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/posts\/14094\/revisions"}],"predecessor-version":[{"id":14287,"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/posts\/14094\/revisions\/14287"}],"wp:attachment":[{"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/media?parent=14094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/categories?post=14094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/margill.com\/en\/wp-json\/wp\/v2\/tags?post=14094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}