The pay day loan licence arrived into impact on August 1, 2018. Payday financing companies should have obtained a cash advance licence by October 1, 2018 to use in Toronto.
People, partnerships or corporations.
Must hold a licence that is valid of May 1, 2018 as being a loan provider or that loan broker beneath the payday advances Act.
Initial papers needed for all applications (and renewal deals).
Add two bits of government-issued identification (one must certanly be photo ID):
- Canadian Passport
- Driver’s Licence
- Canadian Birth Certification
- Citizenship Card
- Permanent Resident Card
- SIN Card (Social Insurance Quantity)
- Valid Work License
- First and names that are last match on all recognition.
- We try not to accept Health Cards.
All candidates must provide the following also:
- A company location/address
- A duplicate of provincial company name registration or finalized franchise contract
Corporations also needs to offer:
- A copy of Articles of Incorporation (Note: If there’s been a big change to your variety of officers and directors, be sure to additionally provide a current business Profile Report or a Federal Form 6)
- The yearly Return for Corporation Form which lists all current directors & officers regarding the Corporation. This should be:
- Initial as copies will never be accepted
- Finalized by an officer/director associated with the Corporation. (więcej…)
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