19Content of continuing disclosure statement

1. Every continuing disclosure statement must contain as much of the following information as is applicable to the consumer credit contract:

2. the opening and closing dates of the period covered by the statement; and
3. the opening and closing unpaid balances; and
4. the date, amount, and a description of each advance during the statement period; and
5. the date and amount of each interest charge debited to the debtor's account during the statement period; and
6. the date and amount of each amount paid by the debtor to the creditor, or credited to the debtor, during the statement period; and
7. the date, amount, and a description of each fee or charge debited to the debtor's account during the statement period; and
8. the amount and the time for payment of the next payment that must be made by the debtor under the contract; and
9. the annual interest rate or rates during the statement period (expressed as a percentage or percentages); and
10. in the case of a credit card contract, a prescribed minimum repayment warning (for example, to warn that if the debtor makes only a minimum payment each month, the debtor will pay more interest and it will take the debtor longer to pay off the unpaid balance) and other prescribed information in connection with payments under a credit card contract.

11. For the purposes of subsection (1)(i),—

12. a credit card contract is a revolving credit contract under which credit is ordinarily obtained only by the use of a credit card:
13. a credit card is—
    1. a card of a kind commonly known as a credit card; or
    2. a card of a kind that persons carrying on business commonly issue to their customers, or prospective customers, for use in obtaining goods or services from those persons on credit; or
    3. anything else that may be used as a card referred to in subparagraph (i) or (ii).