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Legislative Assembly of Ontario. Bill 193, Payday Advances Act

Legislative Assembly of Ontario. Bill 193, Payday Advances Act

1. Order the payday lender to stop utilizing material that is such.

2. Order the payday lender to retract the declaration or publish a modification of equal prominence towards the initial book.

Straight to a hearing

(2) A payday loan provider whom gets a purchase associated with Registrar under subsection (1) is eligible to impress your order into the Tribunal and part 12 relates, with necessary adjustments, to a purchase under this part within the exact same way as it pertains to a proposition because of the Registrar under area 12.

Immediate impact

(3) an purchase of this Registrar under subsection (1) takes impact straight away, however, if a payday loan provider appeals your order, the Tribunal may give a stay through to the disposition associated with appeal.

Pre-approval of marketing product

(4) In the event that payday loan provider will not attract an purchase under this area or if perhaps your order or a variation from it is upheld because of the Tribunal, the payday loan provider shall, if necessary to do this because of the Registrar, distribute all statements it promises to use in any ad, circular, pamphlet or material become posted in the slightest towards the Registrar for approval before book for such duration since the Registrar specifies.