Trust, Loan or Financing Corporations

Trust, Loan and Financing Corporations

The Trust and Loan Corporations Act, 1997 (the “T&L Act”) provides the legislative framework for the regulation of trust corporations, loan corporations and financing corporations.

A trust corporation accepts deposits from the public or performs traditional trust functions.

A loan corporation accepts deposits from the public and lends money to the public, deals in or purchases mortgages on real property, deals in accounts receivable, or has as its primary business the granting of revolving credit. A loan corporation cannot be the trustee to a trust.

A financing corporation lends money to the public, deals in or purchases mortgages on real property, deals in accounts receivable, or has as its primary business the granting of revolving credit. Financing corporations cannot accept deposits, and cannot be the trustee to a trust.

Consult the resources below for information on a number of important topics.

• Apply for a licence

  How to apply for a licence.

• Advisories

  This section contains documents relating to licensing and compliance requirements.

• Compliance with legislation

  Learn how to comply with Saskatchewan laws.

• Cyber Security for Prudentially Regulated Entities Guide

  A guide to assist with the development of a cyber security framework.

• List of licensed Trust, Loan and Financing Corporations

  Find out who is licensed in Saskatchewan.

• Registration and Licensing System (RLS)

  Learn about the online system where you can go to log into RLS, to register and renew your license as well as submit filings.

• Regulatory Actions

  This section contains documents relating to actions taken, such as consent orders, decision, administrative penalties and licence conditions.