Running a payday lender company in Saskatchewan is just a privilege that is included with

Credit Division

Running a payday lender company in Saskatchewan is just a privilege that accompany an amount of obligations. As a payday loan provider holding on business in Saskatchewan, you need to adhere to The payday advances Act, while the Payday Loans Regulations.

The licensing toolkit contains way on the best way to make an application for a licence to continue company as being a payday lender in Saskatchewan. Please make reference to the Registration and Licensing System (RLS) information for directions on how best to finish an on-line application. Your payday lender licence is a tremendously part that is important of your company. Please just just take time that is sufficient finish the application accurately and totally, and submit it well prior to the date you want to begin holding on business in Saskatchewan.

To be able to have the job prepared in a prompt way, be certain to make sure the internet application is completely done and all sorts of requested supporting paperwork is connected. Make sure to submit a cheque payable towards the Minister of Finance for the $3,000.00 annual cost, per certified location. Incomplete applications and applications with no payment that is accompanying never be prepared.

When you yourself have questions regarding finishing the application, please contact us and we will work with you.

Your payday loan provider licence is released for the twelve thirty days duration, expiring twelve months through the date of problem. Please guarantee you submit your on line renewal application and accompanying payment before your licence expires. Please make reference to the Registration and Licensing System (RLS) information for guidelines on the best way to complete a renewal application that is online.

The permit application in RLS is partioned into “legal entity” abd location that is”physical elements. A licence is for each physical location, and every licence expires a year through the date of problem. Each lender will need to update the legal entity information as part of the renewal process, once a year.

More Information

If your licensed payday lender with a minumum of one location wishes to use for another phyiscal location licence, it could achieve this without the need to re-submit all the appropriate entity information. But, the appropriate entity information needs to be updated yearly, properly, some candidates might find that the timing of submissions is so that the appropriate entity info is needed.

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