People, partnerships or corporations.
Must hold a licence that is valid of might 1, 2018 being a loan provider or that loan broker underneath the payday advances Act.
Please review application requirements outlined above.
The Licence and enable Issuing workplace during the East York Civic Centre is closed as a result of COVID-19. Companies needing licences and/or licenses from the City of Toronto can e-mail mlsapplication@toronto.ca and they’ll be contacted directly by City staff about their applications. Licence application and renewal costs must online be paid.
Application Fee
Recognition Demands
Initial papers needed for all applications (and renewal deals).
Add two items of government-issued recognition (one must certanly be photo ID):
- Canadian Passport
- Driver’s Licence
- Canadian Birth Certification
- Citizenship Card
- Permanent Resident Card
- SIN Card (Social Insurance Quantity)
- Valid Work License
- First and last names must match on all recognition.
- We try not to accept Health Cards.
Company Demands
All candidates must provide the following also:
- a company location/address
- a duplicate of provincial company title registration or franchise agreement that is signed
Corporations also needs to offer:
- a copy of Articles of Incorporation (Note: If there’s been an alteration into the a number of officers and directors, be sure to additionally provide a current business Profile Report or a Federal Form 6)
- the yearly Return for Corporation Form which lists all present directors & officers for the Corporation. This should be:
- initial as copies will never be accepted
- finalized by an officer/director associated with the Corporation. A designate cannot sign the Form for the Corporation.
A designate may apply on their behalf if a director of the corporation is unable to apply in person at the Licence and Permit Issuing Office. The designate must:
- have actually a initial page advising of the signing authority on business letterhead, finalized with a manager regarding the firm dated within thirty day period
- offer two bits of recognition on their own
- provide two bits of recognition for each officer and manager associated with firm, or, if initial recognition just isn’t available, notarized photocopies of this recognition will be accepted also.
Applicants must definitely provide a genuine criminal history and Judicial issues always always Check released by a Canadian Police Service within 280 times ahead of the application.
A designate applying on the behalf of a company must offer a Criminal Record & Judicial Matters look for each officer and manager associated with the Corporation.
Individual Applicants
People using as single proprietors must also provide:
- all business locations/addresses
- the target when it comes to primary workplace, if distinct from other places or where numerous company areas come in procedure
- the title, cell phone number, current email address and mailing address associated with single proprietor
- a duplicate of provincial business title registration or franchise agreement that is signed
Lender or Loan Broker Licence
Evidence of a legitimate licence dilemmas by the Province of Ontario beneath the payday advances Act, 2008, like the licence number that is applicable.
ML&S shall reject a credit card applicatoin for, or even a renewal, for many organizations expected to be licenced under this chapter which has had:
-
- Been convicted whenever you want of a offence that is sexual a small or an individual having a impairment under any one of parts 151 to 153.1 regarding the Criminal Code;
- Been convicted of any offence that is sexual the Criminal Code when you look at the preceding 10 years;
- Been convicted of an offense beneath the Criminal that is following Code in the preceding 5 years:
- 84 to 117.15 (Firearms and Other Weapons);
- 264.1 to 286.1 (Offences from the individual);
- 321 to 378 (Offences Against Rights of Property);
- 379 to 462 (Fraudulent Transactions, Wilful and Forbidden Acts of Certain Property, Offences associated with Currency);
- 462.3 to 462.5 (Proceeds of criminal activity).
- Been convicted whenever you want of a offense beneath the after Criminal Code parts:
- 83.01 to 83.33 (Terrorism);
- 219 to 248 (Major Offences resistant to the individual);
- 267, 268, 270.01, 272, 273 (Major Assaults or significant intimate Assaults).
- Been convicted of a offense beneath the after managed medications and Substances Act parts when you look at the preceding 10 years:
- 5 (Trafficking);
- 6 ( exporting and importing);
- 7 (Manufacturing);
- 7.1 (Possession for usage in manufacturing or trafficking).
- Been convicted of any offense under area 4 (control or acquiring) for the managed medications and Substances Act within the preceding 5 years;
- Been convicted of five or higher offences under Chapter 545 or 546 associated with the Toronto Municipal Code into the preceding 3 years;
- Any overdue by-law fines, unless the applicant provides evidence that such fines have now been later compensated.
Despite these testing requirements, in case a licence happens to be formerly given or renewed additionally the applicant’s or licensee’s record discloses no brand new breach associated with the assessment requirements, the licence can be given or renewed minus the matter being introduced into the Toronto Licensing Tribunal.