These pages provides information for customers on ManitobaвЂ™s pay day loan legislation by means of faq’s. The FAQ for companies can be useful to payday loan providers that have questions regarding the legislation. What exactly is an online payday loan? a pay day loan is a loan of cash of no more than $1500.00 For a term of no longer than 62 days (not including any renewal or extension). s. 137 and 138(1) Act and s. 2 Reg
What exactly is a lender that is payday?
A payday lender is an authorized company or individual who provides, organizes or supplies a loan that is payday. As an example, this could consist of a small business that only offers, organizes or provides an online payday loan,|loan that is payday} or a small business that as well as providing pay day loans provides other items or solutions pawn broking, tax rebating, or retail items. Continue reading