Submit an application for a Payday Lender Allow. Payday loan providers require the license to accomplish company in Nova Scotia. a lender that is payday an individual who provides, organizes or provides loans under $1,500 with a term of 62 times or less to customers in Nova Scotia.
For legal reasons, payday loan providers need a Payday Lender allow to supply, organize or offer payday advances to consumers in Nova Scotia. Your facility will be examined before you will get the license.
A quick payday loan includes any loan of $1,500 or less, designed for a phrase of 62 times or less, in return for a postdated cheque, pre-authorized debit or comparable future payment.