Home Loan and Mortgage Disclosure Act, 2000Chapter I : Introductory provisions14. Exemptions |
| (1) | The Minister may exempt a financial institution, or a category of financial institutions, from any or all of the requirements of this Act for a specified period of time, if the financial institution, or category of financial institutions, requires time to adjust systems and procedures in order to collect and provide the required information, or to collect the necessary information and put in place administrative systems to enable compliance with the requirements of this Act. |
| (2) | An exemption contemplated in subsection (1) may not exceed one year. |