Brantford town council desires to implement limits that are new the amount and location of pay day loan establishments. Brian Thompson / The Expositor

A brand new certification system will restrict the place and wide range of pay day loan companies in the city.

The principles, which need last approval by council at a gathering on Nov. 19, restrict the quantity of cash advance shops to 10 and stops them from finding within 150 metres of “selective sensitive and painful land uses, ” including crisis residences, video video video gaming establishments, team houses, medical clinics and workplaces, and schools.

The money-lending organizations will also have to have evidence of a legitimate licence that is provincial have actually commercial basic obligation insurance coverage within the number of $2 million.