A person who wishes to offer, arrange or provide payday loans need to be licensed. If offering, arranging and providing payday loans at more than one location, the applicant shall apply for a separate licence for each location. Also, each applicant will need to be licensed and pay the applicable licence fee for each office and/or web site. Please note a licensee is not authorized to operate an office from a private dwelling.
A licence is not transferable or assignable. A licence ceases to be valid one year after the day it is issued or, in the case of any renewal, on the next anniversary date of its issuance.
A licence renewal application must be submitted at least 60 days before the expiry of the licence.