Submit an application for a Payday Lender Allow. Payday loan providers require the license to complete company in Nova Scotia. a payday lender is somebody who offers, organizes or provides loans under $1,500 with a phrase of 62 times or less to customers in Nova Scotia.
For legal reasons, payday loan providers must-have a Payday Lender allow to supply, organize or offer pay day loans to customers in Nova Scotia. Your center shall be examined before you obtain the license.
An online payday loan includes any loan of $1,500 or less, designed for a term of 62 times or less, in return for a postdated cheque, pre-authorized debit or comparable future payment. Continue reading