Thank you, Mr. Speaker. The Member is right; the 16th Assembly

did pass the Cost of Disclosure Act, and it basically gives consumers an idea of what the interest rate might be with the companies that are charging. It is a situation we faced on a couple of occasions in the Northwest Territories. Down south it’s a little more widely spread. They are protected under the Criminal Code, because they are not allowed to charge in excess of 60 percent.

We continue to monitor this. We work with our southern counterparts to monitor this. As of this moment, we think the Cost of Disclosure Act and educating those out there that want to borrow what they might be getting into, I think is a good first step.