A high-cost credit contract must include certain mandatory information, in addition to the information that is specific to the type of credit contract in question.

Title of the contract

The title of a high-cost credit contract must contain the term “high-cost.”

Permit number

The high-cost credit merchant’s permit number must appear in the contract.

Mandatory clauses

Mandatory clauses are also required. They vary depending on the type of contract:

• Mandatory clause for a high-cost contract for the loan of money (in French only);
• Mandatory clause for an open credit contract for the use of a high-cost credit card (in French only);
• Mandatory clause for an open credit contract other than for the use of a high-cost credit card (e.g. for a line of credit) (in French only);
• Mandatory clause for a contract with high-cost credit (e.g. for an instalment sale) (in French only).

Other mandatory information

The contract must also contain other mandatory information, which varies depending on the type of contract. Refer to the following pages for more details on:

• the contents of a contract for the loan of money;
• the contents of an open credit contract;
• the contents of an instalment sale contract.

Signature of a contract entered into in person

The merchant must sign the contract first, then allow you to read it, have you sign it, and give you a duplicate.

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