Cash advance company licence : Get a licence to provide loans that are payday borrowers in Alberta
Cash advance company licence : Get a licence to provide loans that are payday borrowers in Alberta A quick payday loan means: any development of income having a principal of $1,500 or less and a phrase of 62 times or less manufactured in change for a cheque that is post-dated a pre-authorized debit or the next re payment of the same nature, not for almost any guarantee, suretyship, overdraft security or protection on home and never by way of a margin loan, pawnbrokering, a credit line or a charge card. There clearly was a 1 or licensing that is 2-year, payable into the federal federal Government of Alberta. For one-year licences – a licensing cost of $1,000 for a licence therefore the very first location plus $500 for every single extra location specified in the application For 2-year licences – a licensing cost of $2,000 for the licence and also the location that is first $1,000 for every single extra location specified in the application