http://osap.gov.on.ca/eng/not_secure/repay.htm

Sorry, bros. As I've said many times before, there is no SOL on Ontario Student Loans. As well, there is a 10 year eligibility period from when you ceased to be a student before they are allowed to be included in a bankruptcy. With the government, no place to run, no place to hide. The above website link will give you the details. Welcome to life with iQor, Inc formerly CBCL - Canadian Bonded Credit Limited - Now Iqor Collection Agency .

Ray

It's hard for me to interpret the law. Does anybody know the SOL for OSAP loans? I read down below in the act that it's either 2 years or 10 years. is this true? Can somebody add to this ?

It's hard for me to interpret the law. Does anybody know the SOL for OSAP loans? I read down below in the act that it's either 2 years or 10 years. is this true? Can somebody add to this ?

Merry Christmas to all....

With regards to the time limits within which collectors and their agencies can call or write re debts..it's probably best to consult the collection laws, the collection regulations and maybe the Statutes dealing with "limitations" in Alberta.

The Collection rules are found buried in the FAIR TRADING ACT of Alberta, at Section 11. The ACT can be found on the net at...

http://www.qp.gov.ab.ca/documents/acts/F02.CFM The appropriate sections are Sections 109-118.

Also have a read of the COLLECTION PRACTICE REGULATIONS, also on the net, at...

http://www.qp.gov.ab.ca/documents/regs/1999_194.cfm

Then read the LIMITATIONS ACT found at...

http://www.canlii.org/ab/laws/sta/l-12/20051114/whole.html

With regards to your post, I cannot add anything about a bank's authority to right off a debt or when they can do this. Nor can I comment of the 18 month term.

But I can note that if calls are coming to your work place, the ACT talks about how to avoid this in Alberta..at section 116 (1) (n) and if calls are becoming a hassle there or at home..perhaps the harrassment section at... Section 116(1)(j) may play a role.

And a very interesting section, at 116(2) says that a lot of the provisions, including those above, apply even in the cases where the creditor has actually "ASSIGNED" the account to the collector/agency.

But of much more interest appears to be the provisions of the LIMITATIONS ACT.

A very brief read of it seems to suggest that you may be onto something. It appears to say that once there is a formal demand for payment from you, the clock starts running. IF you make no payment, nor an admission of responsibilioty for the debt for a period of TWO YEARS, this law seems to say the ACT is a defence for you and it bars the creditor and the collectors from collecting.

The ACT seems to even add that for you to admit ownership of the debt..this MUST BE DONE IN WRITING BY YOU, and such could be a written acknowledgemet of debt,,or a part payment on it. Failing these two... and a two year lapse... it seems the debt is no longer due.

And folks, if it is not due, it seems the colector, his/her agency and the cerditor can get in a whole lot of KA KA for attempting to collect on a debt not due.

I would suggest that if this seems to be your case, that you talk to legal aid or a lawyer for clarification. In the mean time, go to the above sites and read away.

cheers,

BA

I am looking for Alberta Laws regarding time frames for collection.
It is almost 2 years now and I am still getting phone calls and letters,
I was under the understanding that the Banks have to right it off after
18 months. I also read some where that in Alberta they have only 2 years to collect.
Does anyone know if this is correct?
It would be greatly appreciated to get the info

We want to help you
Canadian Collection Agency Laws

I wrote some explanation based on the Saskatchewan Collection Agency Act of what the collection agencies are not permitted to do.

Keep in mind that while most collection agency laws in Canada are similar they may be different for each province. I encourage your to contact your local Provincial Government Consumer Protection dept to ask what the local law says about what collection agencies can and cannot do. Also, keep in mind that the writer is not a lawyer. But I have had a great deal of experience working with collection agencies in Canada.

British Columbia collection agencies Alberta collection agencies Saskatchewan collection agencies Manitoba collection agencies Ontario collection agencies Quebec collection agencies Newfoundland collection agencies Nova Scotia collection agencies
New Brunswick collection agencies Prince Edward Island collection agencies

Fair Trading Act in Alberta - Dealing with collection agencies.

? British Columbia collection agencies
? Alberta collection agency
? Saskatchewan collection agencies
? Manitoba collection agency
? Ontario collection agencies
? Quebec collection agency
? Newfoundland collection agencies
? New Brunswick collection agency
? Nova Scotia collection agencies
? Prince Edward Island collection agency