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An Act respecting payday advances
Her Majesty, by and with the advice and permission regarding the Legislative set up associated with the 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 member of the Executive Council to who management with this Act is assigned under 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 overall manager and associate general supervisor regarding the company or even a partner or basic manager and associate general supervisor partnership, virtually any specific designated as an officer by by-law or quality or just about any other person who works functions typically performed by an individual occupying such office; (“dirigeant”)
“payday lender” means someone whom is certified under this Act to help make payday advances; (“prГЄteur sur salaire”)
“payday loan” means a loan of $3,000 or less with a term of two months or less; (“prГЄt sur salaire”)
“prescribed” means prescribed because of the laws made under this Act; (“prescrit”)
“provincial offence” means an offence under an Act associated with the Legislature or under a legislation made under the authority Act associated with the Legislature; (“infraction provinciale”)
“Tribunal” means tribunal that is such is recommended or founded because of the laws made under this Act. (“Tribunal”)
