52 Repealed: 2011, c. 1, Sched. 2, s. 6.
Part Amendments with date in force (d/m/y)
Order of Registrar re: false marketing
53 (1) In the event that Registrar thinks on reasonable grounds that the licensee is building a false, deceptive or deceptive statement relating up to a pay day loan or perhaps a pay day loan contract in every product posted in the slightest, including an ad, circular or pamphlet, the Registrar may,
(a) order the cessation for the utilization of the product;
(b) order 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 pertains with necessary changes to an order under this part within the manner that is same up to a proposition by the Registrar to refuse to issue a licence. 2008, c. 9, s. 53 (2).
(3) The purchase for the Registrar shall immediately take effect, 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 an purchase under this part or if the Tribunal upholds the purchase or a variation of it, the licensee shall, upon the demand associated with Registrar, distribute all statements in virtually any ad, circular, pamphlet or material become posted in the slightest to your Registrar for approval before book for the time frame that the Registrar specifies. 2008, c. 9, s. 53 (4).
(5) The Registrar shall maybe perhaps not specify under subsection (4) a period of time,
(a) that surpasses a duration that is prescribed; or
(b) any element of which falls beyond your duration that is recommended. 2008, c. 9, s. 53 (5).
54 (1) If it seems towards the Director that the individual or entity just isn’t complying using this Act or the laws or a purchase made under this Act, the Director may connect with the Superior Court of Justice for an purchase directing the individual or entity to comply, and, upon the application, the court may make the purchase that the court thinks fit. 2008, c. 9, s. 54 (1).
(2) Subsection (1) is applicable as well as just about any procedures that could be offered to your Director, set up Director has exercised his / her liberties under such procedures. 2008, c. 9, s. 54 (2).
(3) An appeal lies to installment loans near me your Divisional Court from an order made under subsection (1). 2008, c. 9, s. 54 (3).
55 (1) an entity or person is accountable of an offense who,
(a) furnishes information that is false any application under this Act or in virtually any statement or get back required under this Act;
(b) does not adhere to any purchase under this Act;
(c) contravenes or fails to comply with any portion with this 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 the firm whom doesn’t simply just just take care that is reasonable stop the organization from committing an offense mentioned in subsection (1) is accountable of this offense. 2008, c. 9, s. 55 (2).
(3) someone or entity that is convicted of a offense under this Act is likely to,
(a) a superb of only $50,000 or to imprisonment for the term of only two years less a or both, if the person or entity is an individual; or day
(b) an excellent of only $250,000, in the event that individual or entity isn’t a person. 2008, c. 9, s. 55 (3).
(4) No proceeding under this area shall be commenced more than couple of years after the reality upon that the proceeding relies first found the information associated with Director. 2008, c. 9, s. 55 (4).
Instructions for payment, restitution
56 in cases where a individual or entity is convicted of a offense under this Act, the court making the conviction may, along with every other penalty, order the individual or entity convicted to pay for payment or make restitution. 2008, c. 9, s. 56.
Standard in re re payment of fines or charges
57 (1) if your cost mentioned in subsection (2) is in standard for at minimum 60 times, the Director may reveal to a customer reporting agency the name associated with the defaulter, the cost as well as the date the cost went into standard. 2008, c. 9, s. 57 (1).
(2) Subsection (1) relates to your charges that are following
Celebrity Fails
