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What is Coercive Tied Selling?

Coercive tied selling is to “impose undue pressure on, or coerce, a person to obtain a product or service from a particular person, including the bank and any affiliates, as a condition for obtaining another product or service from the bank.” This practise is prohibited under Section 459.1 of the Bank Act.

You cannot be unduly pressured to buy a product or service that you don’t want from a bank or one of its affiliates to obtain another bank product or service.

At GBC we will never make it a condition of financing for you to be required to purchase or finance any additional products or warranties.