52 Repealed: 2011, c. 1, Sched. 2, s. 6.
Area Amendments with date in effect (d/m/y)
Order of Registrar re: false marketing
53 (1) In the event that Registrar thinks on reasonable grounds that the licensee is making a false, deceptive or misleading statement relating up to a pay day loan or a cash advance agreement in virtually any product posted at all, including an ad, circular or pamphlet, the Registrar may,
(a) order the cessation for the utilization of the product;
(b) purchase the licensee to retract the declaration or publish a modification of equal prominence to your publication that is original or
(c) order both a cessation described in clause (a) and a retraction or modification described in clause (b). 2008, c. 9, s. 53 (1).
(2) area 13 relates with necessary adjustments to an purchase under this area in the exact same way as up to a proposition by the Registrar to refuse to issue a licence. 2008, c. 9, s. 53 (2).
(3) The purchase associated with the Registrar shall simply take impact instantly, however the Tribunal may give a stay until the Registrar’s purchase becomes last. 2008, c. 9, s. 53 (3).
(4) In the event that licensee will not impress a purchase under this part or if the Tribunal upholds the purchase or a variation from it, the licensee shall, upon the demand for the Registrar, distribute all statements in any ad, circular, pamphlet or material become posted at all towards the Registrar for approval before book for the period of time that the Registrar specifies. 2008, c. 9, s. 53 (4).
(5) The Registrar shall perhaps not specify under subsection (4) an interval,
(a) that surpasses a period that is recommended; or
(b) any section of which falls outside of the duration that is recommended. 2008, c. 9, s. 53 (5).
54 (1) If it seems towards the Director that the entity or person isn’t complying with this particular Act or the laws or an purchase made under this Act, the Director may connect with the Superior Court of Justice for an purchase directing anyone or entity to comply, and, upon the application form, the court may make the purchase that the court thinks fit. 2008, c. 9, s. 54 (1).
(2) Subsection (1) is applicable along with just about any procedures which may be open to your Director, whether or not the Director has exercised their legal rights under such procedures. 2008, c. 9, s. 54 (2).
(3) An appeal lies to your Divisional Court from a purchase made under subsection (1). 2008, c. 9, s. 54 (3).
55 (1) an entity or person is responsible of a offense whom,
(a) furnishes information that is false any application under this Act or in almost any statement or get back needed under this Act;
(b) doesn’t adhere to any purchase under this Act;
(c) contravenes or fails to comply with any area of the Act or the laws; or
(d) efforts to commit any offense mentioned in clause (a), (b) or (c). 2008, c. 9, s. 55 (1).
(2) An officer or manager of a organization whom doesn’t just just take care that is reasonable avoid the organization from committing an offense mentioned in subsection (1) is bad of this offense. 2008, c. 9, s. 55 (2).
(3) an individual or entity that is convicted of an offense under this Act is liable to,
(a) an excellent of only $50,000 or to imprisonment for the term of not more than couple of years less a time, or both, in the event that individual or entity can be an specific; or
(b) a superb of only $250,000, in the event that individual or entity isn’t someone. 2008, c. 9, s. 55 (3).
(4) No proceeding under this area will probably be commenced significantly more than couple of years after the reality upon that the proceeding is situated first came to the knowledge regarding the Director. 2008, c. 9, s. 55 (4).
Requests for payment, restitution
56 in case a individual or entity is convicted of a offense under this Act, the court making the conviction may, as well as every other penalty, order the individual or entity convicted to spend settlement or make restitution. 2008, c. 9, s. 56.
Standard in re re payment of fines or charges
57 (1) in cases where a cost mentioned in subsection (2) is in standard for at the very minimum 60 days, the Director may reveal to a customer reporting agency the title associated with the defaulter, the cost and also the date the fee went into standard. 2008, c. 9, s. 57 (1).
(2) Subsection (1) pertains to the following fees: