Variations

Bill 193

An Act respecting loans that are payday

Her Majesty, by along with the advice and permission associated with assembly that is legislative of Province of Ontario, enacts the following:

Interpretation and Application

Interpretation

1. (1) In this Act,

„Minister“ means the Minister of customer and company Services or such other person in the Executive Council to who management with this Act is assigned underneath the Executive Council Act; („ministre“)

„officer“ includes the seat and any vice-chair of this board of directors, the president and any vice-president, the assistant and associate secretary, the treasurer and treasurer that is assistant the typical supervisor and assistant general supervisor associated with business or even a partner or basic supervisor and associate general supervisor of the partnership, just about any individual designated being an officer by by-law or quality or other person who executes functions ordinarily done by a person occupying such workplace; („dirigeant“)

„payday lender“ means an individual who is certified under this Act to produce loans that are payday („prГЄteur sur salaire“)

„payday loan“ means that loan of $3,000 or less with a term of 8 weeks or less; („prГЄt sur salaire“)

„prescribed“ means prescribed because of the laws made under this Act; („prescrit“)

„provincial offense“ means an offense under an Act for the Legislature or under a legislation made beneath the authority of an Act for the Legislature; („infraction provinciale“)

„Tribunal“ means such tribunal as is recommended or founded because of the laws made under this Act. („Tribunal“)

Exact Exact Exact Exact Exact Exact Same

(2) Without restricting the generality regarding the concept of „payday loan“ in subsection (1), the generating of payday advances may match, just about, to your following description:

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