Cash advance establishments are any premises, or any area of the premises that runs as a payday financing company as defined because of the pay day loans Act.
The pay day loan licence arrived into impact. Payday financing companies will need to have obtained a cash advance licence to work in Toronto.
People, partnerships or corporations.
Must hold a legitimate licence a loan provider or financing broker underneath the pay day loans Act.
Initial papers needed for all applications (and renewal deals).
Add two bits of government-issued recognition (one must certanly be photo ID):
- Canadian Passport
- DriverвЂ™s Licence
- Canadian Birth Certification
- Citizenship Card
- Permanent Resident Card
- SIN Card (Social Insurance Quantity)
- Valid Work License