Learn more about COVID-19 in Saskatchewan.  Daily case numbers and information for businesses and workers.

The Re-Open Saskatchewan plan was released on April 23rd.

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan`s web site have been professionally translated in French. These translations are identified by a yellow text box that resembles the link below and can be found in the right hand rail of the page. The home page for French-language content on this site can be found here:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

The results of software-based translation do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos, and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Consumer Alert - Before Getting A Loan Make Sure The Lender Or Broker Is Licensed

Released on May 14, 2020

The Financial and Consumer Affairs Authority (FCAA) would like to warn consumers about unlicensed lenders or brokers who are taking advantage of people’s financial positions during COVID-19 pandemic and are offering fake loans online and using aggressive collection practices.

Some unlicensed lenders or brokers are promoting “advance-fee loans” online or by email to consumers and requiring fees be paid upfront before they release the funds.  Lenders or brokers may use the terms “administration fee” or “credit protection” to make the charge seem more credible.  When the consumer pays the fee, the loan is never transferred and the website often disappears.  Other unlicensed online lenders may issue loans but not provide accurate cost of credit information or may take aggressive collection practices.

In Saskatchewan, the FCAA regulates many licensed entities that offer or arrange loans: payday lenders, loan brokers, credit unions, loan corporations and financing corporations.  If a consumer is going to obtain a loan, they should ensure the lender or broker is authorized to operate in Saskatchewan.  To check whether a lender or broker is licensed, consumers should visit FCAA411 at https://fcaa.gov.sk.ca/fcaa411

Here are some red flags that indicate a consumer might be dealing with an unlicensed lender or broker:

  • The lender or broker is not licensed with the FCAA;
  • They pressure you to act immediately;
  • The offer is “too good to be true.”

If a consumer has a question about whether a lender or broker is allowed to operate in Saskatchewan, they can contact the Consumer Credit Division at 306-787-6700 or fid@gov.sk.ca.  If a consumer has a question about banks, they should contact the Office of the Superintendent of Financial Institutions, as they regulate all banks in Canada.

For more information about licensed lenders or brokers visit www.fcaa.gov.sk.ca.

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For more information, contact:

Stephanie Wilkinson
Financial and Consumer Affairs Authority
Regina
Phone: 306-787-5567
Email: stephanie.wilkinson@gov.sk.ca

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