Credit Rating Division
Running a payday lender business in Saskatchewan is just a privilege that is included with a quantity of duties. As a payday loan provider holding on business in Saskatchewan, you need to adhere to The payday advances Act, together with Payday Loans Regulations.
The certification toolkit contains direction about how to make an application for a licence to continue company being a payday lender in Saskatchewan. Please make reference to the Registration and Licensing System (RLS) information for directions about how to finish an on-line application. Your payday loan provider licence is a really part that is important of your company. Please just just just take adequate time for you to complete the job accurately and totally, and submit it well prior to the date you wish to begin holding on business in Saskatchewan.
To be able to have the job prepared in a prompt way, make sure to make sure that the online application is entirely filled out and all sorts of required supporting paperwork is connected. Make sure to submit a cheque payable towards the Minister of Finance for the $3,000.00 annual cost, per certified location. Incomplete applications and applications lacking any accompanying payment will never be prepared.
When you yourself have questions regarding doing the job, please contact us and we’ll work with you.
Your payday loan provider licence is granted for the twelve thirty days duration, expiring 12 months through the date of issue. Please guarantee you submit your internet renewal application and payment that is accompanying your licence expires. Please refer to the Registration and Licensing System (RLS) information for directions on the best way to finish an on-line renewal application.
The permit application in RLS is partioned into “legal entity” abd location that is”physical elements. A licence is actually for each real location, and every licence expires 12 months through the date of problem. Within the renewal procedure, one per year each loan provider will have to update the appropriate entity information.
In cases where a licensed payday lender with one or more location wishes to utilize for another phyiscal location licence, it would likely achieve this without the need to re-submit all the legal entity information. But, the appropriate entity information needs to be updated yearly, appropriately, some candidates might find that the timing of submissions is so that the appropriate entity info is needed.
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