(2) no individual or entity shall work as a loan broker unless anyone or entity, (a) is licensed as a loan broker and, at the mercy of area 17, has gotten notice written down through the Registrar regarding the licence; or (b) is viewed as become certified under part 18. 2008, c. 9, s. 6 (2). (3) If a lender that is perhaps maybe not licensed enters right into a loan that is payday with a debtor, the debtor is necessary to repay the advance to your loan provider and it is perhaps not prone to spend the price of borrowing. 2008, c. 9, s. 6 (3). Transactions between loan providers and loan agents 7 (1) For the purposes with this Act, no loan provider shall cope with or through that loan broker that is perhaps perhaps not certified. 2008, c. 9, s. 7 (1). (2) For the purposes of the Act, no loan broker shall cope with or by way of a loan provider that is maybe perhaps perhaps not certified. 2008, c. 9, s. 7 (2). Improvement in partnership 8 an alteration in the account of a partnership is viewed as to generate a new partnership for the objective of a licence. 2008, c. 9, s. 8. No right to hearing 9 (1) If a job candidate for a licence or renewal of the licence will not meet up with the prescribed requirements, the Registrar shall will not issue or restore installment loans no credit check the licence, given that instance can be. 2008, c. 9, s. 9 (1). (2) area 13 will not connect with a refusal under subsection (1) to issue or restore a licence. 2008, c. 9, s. 9 (2). Notice of refusal (3) The Registrar shall supply the applicant written notice of a refusal under subsection (1), establishing out of the good reasons for the refusal. 2008, c. 9, s. 9 (3). Provider of notice […]
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