Legislative Assembly of Ontario. Bill 193, Pay Day Loans Act

Legislative Assembly of Ontario. Bill 193, Pay Day Loans Act

20. No payday loan provider shall impose or gather interest on an online payday loan this is certainly in standard.

No loans that are back-to-back

21. No payday loan provider shall create a cash advance to an individual in the event that individual,

(a) has formerly been issued that loan by any lender that is payday the mortgage is outstanding; or

(b) has paid back, in complete, that loan to virtually any lender that is payday

(i) when you look at the preceding a week, or

(ii) considering that the debtor’s last regularly date that is recurring getting earnings. Leggi tutto “Legislative Assembly of Ontario. Bill 193, Pay Day Loans Act”