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Legislative Assembly of Ontario. Bill 193, Pay Day Loans Act

Legislative Assembly of Ontario. Bill 193, Pay Day Loans Act

31. Absolutely absolutely absolutely absolutely absolutely Nothing in this Act will probably be interpreted to restrict any remedy or right that a debtor might have in legislation.

No waiver of substantive and procedural liberties

32. (1) The substantive and procedural liberties given under this Act use despite any contract or waiver to your contrary.

Limitation on aftereffect of term arbitration that is requiring

(2) Without restricting the generality of subsection (1), any term or acknowledgment in an understanding between a payday loan provider and a debtor that needs or gets the effectation of requiring that disputes arising from the contract be submitted to arbitration is invalid in as far as it stops a customer from working out the right that a debtor may need to make a software to the Tribunal under area 34 for an purchase requiring a payday loan provider to refund an unlawfully charged charge. Continue reading