Cash advance company licence : get yourself a licence to provide loans that are payday borrowers in Alberta

Cash advance company licence : get yourself a licence to provide loans that are payday borrowers in Alberta

A quick payday loan means:

  • any development of cash having a principal of $1,500 or less and a phrase of 62 times or less manufactured in trade for the cheque that is post-dated a pre-authorized debit or the next re re payment of the same nature, yet not for just about any guarantee, suretyship, overdraft security or protection on home rather than through a margin loan, pawnbrokering, a personal credit line or credit cards.

There was a 1 or licensing that is 2-year, payable to your federal federal federal Government of Alberta.Continue reading