Financial and Customer Affairs Authority of Saskatchewan

Financial and Customer Affairs Authority of Saskatchewan

FCAA is Saskatchewan’s economic and consumer market regulator.

You may possibly simply be charged one NSF cost per loan contract, in spite of how a lot of your cheques or pre-authorized debits were dishonoured.

You simply can’t be charged virtually any costs, charges or expenses with a payday lender for defaulting on a cash advance.

A lender cannot ask you for extra charges to “rollover” or refinance your loan, or to expand your loan.

In the event that you give a loan provider authorization to have payment straight from your own banking account by means of a debit that is pre-authorized“PAD”):

  • The lending company will make a short pad attempt for the total amount lay out in the PAD contract in the date lay out in the PAD contract.
  • In the event that at first attempted PAD is dishonoured the lending company can decide to try once more, so long as the retry happens within thirty days of learning associated with initial try ended up being came back and it is when it comes to very same buck quantity since the initial try.

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