Legislative Assembly of Ontario. Bill 193, Pay Day Loans Act

(2) someone who is applicable when it comes to issuance or renewal of the licence shall,

(a) spend the recommended cost;

(b) give a road target and a mailing target for the office needed under subsection 6 (2);

(c) give a statement, in a questionnaire authorized by the Registrar, that lists most of the man or woman’s beliefs for appropriate offences, inside the meaning of subsection (3),

(i) under a legislation of Canada which is why a pardon beneath the criminal history records Act (Canada) will not be given or issued,

(ii) under a legislation of Ontario or of some other province or territory of Canada, and

(iii) under a legislation of some other jurisdiction which is why a pardon will not be granted or issued;

(d) supply a statement described in clause (c) for each and every officer for the applicant;

( ag ag ag e) offer permission for the Registrar to get informative data on any matter mentioned in clause (c) in respect for the applicant and each officer of this applicant;

(f) offer proof satisfactory towards the Registrar that anyone possesses the recommended minimum capital that is working

(i) the title of each and every person who beneficially has or controls 10 % or even more associated with the equity stocks released and outstanding during the time of the application,

(ii) such informative data on its business framework and governance as it is recommended; and

(h) offer such other items as can be recommended.

Relevant offence

(3) For the purposes of subsection (2), a “relevant offense” is one in which fraudulence is a feature associated with the offense.

Refusal of licence

(4) If a job candidate will not meet with the demands put down in subsection (2), the Registrar shall will not give or restore the licence.

Notice of refusal

(5) The Registrar shall supply the applicant written notice of a refusal under subsection (3), establishing out of the grounds for the refusal.

No right to hearing

(6) a job candidate just isn’t eligible to a hearing according of this Registrar’s refusal under this area.


8. (1) a job candidate that fulfills certain requirements lay out in subsection 7 (2) is eligible for the issuance or renewal of a licence unless, into the Registrar’s viewpoint, among the applies that are following the situation is pertinent to your applicant’s physical physical fitness to put on a licence:

1. The applicant or an interested individual in respect associated with the applicant is carrying in activities,

i. which are in contravention for this Act or the laws, or

ii. that’ll be in contravention of the Act or perhaps the laws in the event that applicant is released a licence or perhaps a licence is renewed.

2. Days gone by conduct associated with applicant or of a interested individual in respect associated with applicant affords reasonable grounds to think that the applicant will likely not continue company prior to what the law states in accordance with integrity and sincerity.

3. The applicant or a member of staff or representative associated with the applicant makes a statement that is false provides a false declaration in a software when it comes to issuance or renewal of a licence.

4. The applicant cannot fairly be anticipated to be economically accountable when you look at the conduct of its company or even to retain the recommended minimum working money, having reference to your budget regarding the applicant or even the budget of an interested individual.

5. The applicant was convicted of a offense or perhaps is prone to spend an excellent for an offence that is provincial will not be compensated.

6. Any one of paragraphs 1 to 5 relates in respect of a officer of this applicant.

7. A ground exists this is certainly recommended as a ground that will disentitle a job candidate up to a licence under this part.

More information

(2) The Registrar may necessitate a job candidate or an officer associated with the applicant to supply, within the kind and in the time frame specified because of the Registrar,

(a) information specified by the Registrar that, within the Registrar’s opinion, is pertinent to determining perhaps the applicant is disentitled to a licence under subsection (1); and

(b) verification, by affidavit or else, of every information described in clause (a).

Interested people

(3) For the purposes of subsection (1), one is an interested individual in respect of a job candidate if, when you look at the viewpoint for the Registrar,

(a) anyone has or might have a useful fascination with the applicant’s company;

(b) anyone workouts or may directly exercise control either or indirectly throughout the applicant; or

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(c) the individual has furnished or could have supplied funding either straight or indirectly towards the applicant’s company.

Refusal to issue or restore licence

9. The Registrar may propose to will not issue or restore a licence if, inside the or her viewpoint,

(a) the applicant is certainly not eligible to a licence under subsection 8 (1); or

(b) the applicant fails to provide such a thing needed because of the Registrar under subsection 8 (2).

Suspension system or revocation of licence

10. The Registrar may propose to suspend or revoke a licence,

(a) for just about any explanation that she or he could propose to will not issue or restore the licence under clause 9 (a);

(b) in the event that licensee is with in breach of a disorder of his / her licence; or

(c) in the event that licensee is with in breach of the supply of the Act or the laws.


11. (1) A licence is at the mercy of such conditions as are consented to by the applicant or licensee, used by the Registrar under subsection (2), purchased by the Tribunal or recommended.