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An Act respecting loans that are payday
Her Majesty, by and with the advice and permission of this Legislative installation for 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 person in the Executive Council to who management for 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 assistant treasurer and supervisor and associate general supervisor for the company or perhaps a partner or basic supervisor and associate general supervisor partnership, just about any specific designated being an officer by by-law or quality or other individual who does functions generally done by a person occupying such workplace; («dirigeant»)
«payday lender» means someone who is certified under this Act which will make pay day loans; («prГЄteur sur salaire»)
«payday loan» means that loan of $3,000 or less with a term of 8 weeks 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 of a Act for the Legislature; («infraction provinciale»)
«Tribunal» means tribunal that is such is recommended or founded because of the laws made under this Act. («Tribunal»)