Borrowing in Humber Arm South, Newfoundland and Labrador

Humber Arm South, Newfoundland and Labrador, recorded a population of 1,537 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Newfoundland and Labrador rules that apply

The body that licenses consumer lending in Newfoundland and Labrador is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Newfoundland and Labrador, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

The census figures for Humber Arm South

The 2021 Census counted 1,537 residents in Humber Arm South. The community covers 65.1 square kilometres of land.

The arithmetic gives 23.6 people per square kilometre.

Among covered Newfoundland and Labrador places, Humber Arm South sits at rank 56 by population.

The place record for Humber Arm South covers 65.1 square kilometres and 1,537 residents, a density of 23.6 people per square kilometre.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

Where a figure for Humber Arm South could not be verified, the page names the publisher instead of printing a number.

The Humber Arm South page follows the same structure as every other place page, with population, land area, density and rank.

At 1,537 residents in the 2021 Census, Humber Arm South is listed alongside the other covered places in Newfoundland and Labrador.

The density figure for Humber Arm South, 23.6 people per square kilometre, is calculated from the population and land area above.

Readers comparing Humber Arm South with another community can use the same four census fields.

Nothing on the Humber Arm South page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Humber Arm South appears in the census record with 1,537 residents, and the density of 23.6 people per square kilometre follows from it.

Humber Arm South ranks 56 by 2021 Census population among the covered places in Newfoundland and Labrador.

Humber Arm South is one of 322 covered Newfoundland and Labrador places, counted at 1,537 residents with a land area of 65.1 square kilometres.

Humber Arm South sits at rank 56 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

For Humber Arm South, the two census fields above are the only local statistics used anywhere on the page.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.