(4) In the event that price of borrowing under a pay day loan contract exceeds the recommended restrictions, the debtor is necessary to repay the advance to your loan provider and it is maybe perhaps maybe not prone to spend the expense of borrowing. 2008, c. 9, s. 32 (4).
Regulation on standard fees
33 (1) a loan provider shall perhaps perhaps perhaps not impose against a debtor under a pay day loan contract, additionally the debtor is certainly not prone to pay, standard fees other than,
(a) reasonable fees in respect of legal expenses that the financial institution incurs in collecting or wanting to gather a necessary payment by the borrower beneath the contract; or