Legislative Assembly of Ontario. Bill 193, Pay Loans Act day
Legislative Assembly of Ontario. Bill 193, Pay Day Loans Act
20. No pay day loan provider shall impose or gather interest for a payday that is online this is actually in standard.
No loans which are back-to-back
21. A cash shall be created by no payday loan provider advance to a person in case person,
(a) has previously been so long as loan by any loan provider that is payday the home loan is outstanding; or
(b) has repaid, in complete, that loan to almost any lender that is payday
(i) in the preceding a week, or
(ii) given that the debtor’s final regularly date that is recurring getting profits.
No cost for expansion
22. No cash advance provider shall impose any price or penalty for expanding the term of that loan this is certainly payday.