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An Act respecting loans that are payday
Her Majesty, by and with the advice and consent associated with assembly that is legislative of Province of Ontario, enacts the following:
Interpretation and Application
1. (1) In this Act,
“Minister” means the Minister of customer and company Services or such other person in the Executive Council to who administration because of this Act is assigned underneath 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 assistant treasurer and supervisor and assistant general supervisor regarding the company or even a partner or basic supervisor and associate general supervisor partnership, virtually any specific designated as an officer by by-law or quality or just about any person who executes functions typically done by an individual occupying such workplace; (“dirigeant”)
“payday lender” means somebody who is certified under this Act to produce payday advances; (“prГЄteur sur salaire”)
“payday loan” means a loan of $3,000 or less with a phrase of 2 months or less; (“prГЄt sur salaire”)
“prescribed” means prescribed because of the laws made under this Act; (“prescrit”)
“provincial offense” means an offense under an Act for the Legislature or under a legislation made beneath the authority Act associated with the Legislature; (“infraction provinciale”)
“Tribunal” means such tribunal as is recommended or founded because of the regulations made under this Act. (“Tribunal”)