A loan company is a company operated for the purpose of receiving deposits from the public and lending or investing those deposits. It does not include a bank, an insurance corporation, a trust company or a credit union.

A trust company is a company which offers its services to the public to act as trustee, bailee, agent, executor, administrator, receiver, liquidator, assignee, guardian of a minor's estate or committee of a mentally incompetent person's estate and, if not restricted under the Loan and Trust Companies Act, receives deposits from the public and lends or invests those deposits.
 

Loan and Trust Companies licensed in New Brunswick

   

 

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