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.
Recognition Demands
Initial papers needed for all applications (and renewal deals).
Add two bits of government-issued recognition (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 last names must match on all recognition.
- We try not to accept Health Cards.
Company Needs
All candidates must provide the following also:
- a small business location/address
- a duplicate of provincial company title registration or finalized franchise contract
Corporations additionally needs to offer:
- a copy of Articles of Incorporation (Note: If there is an alteration towards the range of officers and directors, be sure to additionally provide a current profile that is corporate or a Federal Form 6)
- the yearly Return for Corporation Form which lists all present directors & officers associated with Corporation. Continua a leggere Pay Day Loan Establishments. Criminal History & Judicial Issues Check