Part Amendments with date in force (d/m/y). Sales and Offences

Part Amendments with date in force (d/m/y). Sales and Offences

52 Repealed: 2011, c. 1, Sched. 2, s. 6.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 a licensee is making a false, deceptive or misleading declaration relating to a cash advance or perhaps a cash advance contract in virtually any product posted in the slightest, including an advertisement, 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 original book; 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 customizations to a purchase under this part 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 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 doesn’t allure an purchase under this area or if the Tribunal upholds your purchase or a variation of it, the licensee shall, upon the demand regarding the 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 period of time that the Registrar specifies. 2008, c. 9, s. 53 (4).

(5) The Registrar shall perhaps perhaps perhaps maybe not specify under subsection (4) a period,

(a) that surpasses a duration that is recommended; or

(b) any section of which falls outside the period that is recommended. 2008, c. 9, s. 53 (5).

54 (1) If it seems towards the Director that a entity or person just isn’t complying using this Act or the laws or an purchase made under this Act, the Director may connect with the Superior Court of Justice for the 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) applies along with just about any procedures which may be available towards the Director, set up Director has exercised his / her 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) a individual or entity is bad of an offense whom,

(a) furnishes false information in any application under this Act direct lenders installment loans online or in just about any statement or get back needed under this Act;

(b) does not adhere to any purchase under this Act;

(c) contravenes or fails to comply with any area 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 a company whom doesn’t just simply take care that is reasonable avoid the firm from committing an offense mentioned in subsection (1) is responsible associated with offense. 2008, c. 9, s. 55 (2).

(3) an individual 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 a 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 just isn’t someone. 2008, c. 9, s. 55 (3).

(4) No proceeding under this part will probably be commenced a lot more than 2 yrs after the facts upon that your proceeding is situated first found the information of this Director. 2008, c. 9, s. 55 (4).

Purchases for settlement, restitution

56 in cases where a entity or person is convicted of a offense under this Act, the court making the conviction may, as well as some other penalty, order the individual or entity convicted to pay for settlement or make restitution. 2008, c. 9, s. 56.

Standard in re re payment of fines or charges

57 (1) in case a fee mentioned in subsection (2) is in standard for at minimum 60 times, the Director may reveal to a customer agency that is reporting title associated with defaulter, the fee while the date the fee went into standard. 2008, c. 9, s. 57 (1).

(2) Subsection (1) applies to your charges that are following

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