Does the following statement mean that the 3 point credit is only good for 2 years and after that the credit points will disappear?
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Yes, that's what that means. But if you continue reading the article that you referenced, you will see that demerit points themselves also expire after 2 years:
When 2 years have passed from the date of a conviction, the demerit points assessed for that conviction are removed from your driver's record.
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