Payday Loan Borrowers
How to Determine if Saskatchewan Payday Loan Laws Apply to Your Payday Loan
The Payday Loans Act of Saskatchewan applies to payday loans offered to persons in Saskatchewan. This means, in most cases, if you are in Saskatchewan when you obtain your payday loan, then the Act applies to your loan.
The Act will not apply to your payday loan if you are outside of Saskatchewan when you enter the payday loan.
Note: there are a few exceptions to the rules set out above. If you are unsure whether the Act applies to your payday loan, please contact our office for clarification.
Ensure that the payday lender is licensed to operate in Saskatchewan before taking out a loan with the company. Licensed lenders must comply with the Act which protects borrowers in important ways. A list of licensed lenders can be found on our website.