As a type of disclosure of data
37 (1) A licensee who’s needed to reveal information under this Act shall make sure the disclosure is obvious, comprehensible and prominent. 2008, c. 9, s. 37 (1).
Information to borrower
(2) A licensee that is necessary to deliver information up to a debtor under this Act shall make sure that the info, as well as complying with subsection (1), is with in a questionnaire which allows the borrower to hold it. 2008, c. 9, s. 37 (2).
ROLE IV Borrowers’ Rights and treatments
38 absolutely Nothing in this Act will be interpreted to restrict any remedy or right that a debtor might have in legislation. 2008, c. 9, s. 38.
No waiver of legal rights
39 (1) The substantive and procedural legal rights given under this Act use despite any contract or waiver to your contrary. 2008, c. 9, s. 39 (1).
Term needing arbitration
(2) Without restricting the generality of subsection (1), any term or acknowledgment in a pay day loan contract that calls for or has got the effectation of requiring that disputes arising out from the cash advance agreement be submitted to arbitration is invalid in as far as it prevents a debtor from exercising the right to commence an action within the Superior Court of Justice provided under this Act. 2008, c. 9, s. 39 (2).
Procedure to eliminate dispute
(3) Despite subsections (1) and (2), after having a dispute over which a debtor may commence an action into the Superior Court of Justice arises, the debtor, the licensee and any other person mixed up in dispute may consent to resolve the dispute making use of any procedure that can be found in legislation. 2008, c. 9, s. 39 (3).Read More