Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsFor paragraph 164(d) of the Act, the provisions of the Act to which Part 3 - 7 of the Act applies apply as if section 10 were modified by adding the following subsection after subsection 10(2):
'(3) A person mentioned in paragraph (1)(b) is not a credit provider, lessor, mortgagee or beneficiary of a guarantee under a credit contract, consumer lease, mortgage or guarantee while the original credit provider, lessor, mortgagee or beneficiary of the guarantee under the credit contract, consumer lease, mortgage or guarantee continues to receive payments from the debtor, or would continue to do so if the debtor complied with the credit contract, consumer lease, mortgage or guarantee.'.