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Payday Loan Establishments. People, partnerships or corporations.

Payday Loan Establishments. People, partnerships or corporations.

Any premises, or any an element of the premises that runs as a payday financing company as defined because of the pay day loans Act.

The cash advance licence arrived into impact on August 1, 2018. Payday financing companies will need to have obtained a cash advance licence by October 1, 2018 to work in Toronto.

Must hold a legitimate licence as of May 1, 2018 as being a loan provider or that loan broker beneath the pay day loans Act.

Please review application requirements outlined below and finish any forms that are required.

Look at the Licence & allow Issuing workplace at East York Civic Centre situated at 850 Coxwell Ave, third floor as applications must certanly be prepared in individual.

Note: at the time of June 3, 2019, applications will never be accepted unless all papers are submitted.

How many licences awarded by the City is bound to 212. This represents the final amount of licences that had been legitimate beneath the payday advances Act, 2008, and were running in Toronto at the time of might 1, 2018.

How many places where an operator is allowed to use is bound into the final amount of areas that existed in each ward at the time of might 1, 2018.

Identification Demands. Add two items of government-issued recognition (one must certanly be photo ID):

Initial papers necessary for all applications (and renewal deals).

  • 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 usually do not accept Health Cards.

Company Requirements. All candidates must provide the following also:

  • A small business location/address
  • A duplicate of provincial company title registration or signed franchise contract