Acts and Regulations

C-28.3 - Cost of Credit Disclosure and Payday Loans Act

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Wage assignments
2008, c.3, s.1
37.38(1)In this section, “assignment of wages” includes an order or direction by an employee to pay all or any part of his or her wages to another person.
37.38(2)An assignment of wages is not valid if it is given in consideration of a payday loan or an advance under a payday loan, or to secure or facilitate a payment in relation to a payday loan.
37.38(3)No payday lender shall request or require a person to make an assignment of wages in relation to a payday loan.
2008, c.3, s.1