No. Payday loan providers cannot provide, organize, or provide a quick payday loan up to a debtor that is indebted towards the loan provider under a current cash advance unless this new loan is an upgraded loan and soon after the first advance beneath the brand brand new loan is manufactured, the debtor is not any longer indebted under the loan that is existing. s. 154(1) Act
Non-compliance with this specific part may end up in notice of a administrative penalty. A summary of granted penalties that are administrative be posted regarding the customer Protection workplace site.
To find out more regarding administrative charges refer to matter 38 of the document.