The pay day loan licence arrived into influence on August 1, 2018. Payday financing companies will need to have obtained a loan that is payday by October 1, 2018 to use in Toronto.
People, partnerships or corporations.
Must hold a licence that is valid of might 1, 2018 being a loan provider or financing broker beneath the pay day loans Act.
Initial papers necessary for all applications (and renewal deals).
Include two items of government-issued identification (one must be photo ID):
- Canadian Passport
- Driver’s Licence
- Canadian Birth Certification
- Citizenship Card
- Permanent Resident Card
- SIN Card (Social Insurance Quantity)
- Valid Work License