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An Act respecting loans that are payday
Her Majesty, by and with the advice and permission associated with Legislative installation associated with the Province of Ontario, enacts the following:
Interpretation and Application
1. (1) In this Act,
“Minister” means the Minister of customer and Business Services or such other member of the Executive Council to who management for this Act is assigned underneath the Executive Council Act; (“ministre”)
“officer” includes the seat and any vice-chair associated with the board of directors, the president and any vice-president, the assistant and associate secretary, the treasurer and assistant treasurer and supervisor and associate general supervisor regarding the corporation or even a partner or basic supervisor and assistant general supervisor partnership, some other specific designated as an officer by by-law or quality or just about any other person who executes functions generally done by an individual occupying such workplace; (“dirigeant”)
“payday lender” means somebody who is certified under this Act in order to make pay day loans; (“prГЄteur sur salaire”)
“payday loan” means that loan of $3,000 or less with a term 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 associated with Legislature or under a legislation made underneath the authority Act for the Legislature; (“infraction provinciale”)
“Tribunal” means such tribunal as is recommended or founded by the laws made under this Act. (“Tribunal”)