Business ProfileforCashmart Payday Loan Inc
Current Alerts For This Business
On October 23, 2019 Consumer Protection BC issued an administrative penalty to Cashmart Payday Loan Inc.
Consumer Protection BC found that:
1. Cashmart contravened section 23 (2)(b) of the PLR when it extended repayment dates in 17 payday loan agreements that failed to include two “pay periods”, as was required in the circumstances.
2. Cashmart contravened section 112.13 of the Act by charging fees exceeding the maximum allowable under the Act when cashing government assistance cheques.
Cashmart is ordered to:
- Pay an Administrative Penalty of $4,500
- Reimburse inspection costs of $1,500
- Repay all cheque-cashing fees relating to contravention of sec. 112.13
- Repay borrowers' payday loan fees in relation of sec. 23 (2) violation
At-a-glance
Related Categories
Business Details
This is a multi-location business.
- Location of This Business
- 10392 King George Blvd, Surrey, BC V3T 2W5
- BBB File Opened:
- 12/6/2017
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
- Business Management
- Mailin Chen, Director
- Contact Information
Principal
- Mailin Chen, Director
Customer Contact
- Mailin Chen, Director
- Additional Contact Information
Phone Numbers
- (844) 588-6977Other Phone
- (604) 253-9698Other Phone
- (844) 588-6977
Customer Complaints
0 Customer Complaints
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