Help for Consumers

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As of November 1, 2009 payday lenders require licences to conduct business in British Columbia.  Consumer Protection BC is responsible for licensing and administering the regulations.

Similar to action being taken by other provinces in Canada, the Payday Loan Regulation compliments changes that were made to the Business Practices and Consumer Protection Act in 2007. The Regulation requires the licensing of all payday lenders conducting business with BC consumers. This includes lenders conducting business over the internet and by telephone.

If you are a licensed business or a business wishing to become licensed in the province of BC, you can find information about application requirements and procedures in the Help For Businesses section (the green tab) of this website.