The Mudcat Café TM
Thread #142524 Message #3287251
Posted By: Q (Frank Staplin)
08-Jan-12 - 06:54 PM
Thread Name: BS: posh folk shouldn't make the laws.
Subject: RE: BS: posh folk shouldn't make the laws.
In Alberta, "a payday loan is $1500 or less. The term of the loan cannot exceed 62 days. The maximum fee a payday lender can charge is $23 per $100. This includes all mandatory fees and charges related to the loan." Payday lenders must be licensed by the Province.