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”