Payday Loans Regulation 2009 The provisions of this Regulation apply (a) to every payday lender who offers, arranges or provides a payday loan to a borrower in Alberta, whether the payday lender operates from business premises or on the Internet, and (3) If the payday lender engages in the payday loan business by means of the Internet, the payday lender must display a copy of the licence, prominen. [...] If the payday lender does business by means of the internet, the payday lender must display the licence number and other identification, in a form approved by the director, prominently at, or near, the top of the introductory page of the website for British Columbia borrowers. [...] If the licensee is a lender that offers to make a remote payday loan agreement with a borrower, the licensee shall communicate to the borrower the information that is required to be on the certificate of licence for the main office of the licensee as soon as the borrower makes contact with the licensee. [...] 20 If the licensee is a lender that offers to make a remote payday loan agreement with a borrower or is a loan broker that offers to assist a borrower in obtaining a remote payday loan agreement, the licensee shall communicate to the borrower the information that is required to be on the certificate of licence for the main office of the licensee as soon as the borrower makes contact with the licen. [...] If the licensee is a lender that offers to make a remote payday loan agreement with a borrower, the licensee shall (i) communicate to the borrower, as soon as the borrower makes contact with the licensee, that the educational materials described in clause (a) are available, and (ii) at the request of the borrower, immediately provide the educational materials to the borrower.
- Pages
- 41
- Published in
- Canada
