Receiving a statement of account allows you to see where you are at in terms of reimbursing your loan.

Statement of account every month

You may ask the lender to send you a statement of account once a month. It must be provided free of charge within 10 days after receiving your request.

All lenders are required to send you a statement of account, except for pawnbrokers who abide by the following condition. The amount you received, considering the contract entered into and all those entered into in the previous 30 days, was $500 or less.

Proof of reimbursement of the loan

What happens after you reimburse your loan in full? The lender must send you a release within 10 days following your final payment, free of charge. This is a document in which the lender acknowledges having received all amounts due.

Last update : June 25, 2020

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The information contained on this page is presented in simple terms to make it easier to understand. It does not replace the texts of the laws and regulations.