Yukon Loan Agreement

Four ways the Yukon is its own thing

1. The limitation clock runs differently. Unlike most provinces’ uniform two-year discovery rule, Yukon’s limitation regime is older and varies by claim type — frequently to a lender’s advantage. Dated paperwork tells you exactly where you stand.
2. Court comes to you. The Small Claims Court (limit $25,000, unchanged since 2006) sits with the Territorial Court and rides circuit to communities across the territory — no mandatory trek to Whitehorse.
3. Nineteen to sign. Yukon’s age of majority is 19, so both parties need to have hit it for the contract to bind.
4. Same federal interest ceiling. The 35% APR criminal cap applies north of 60 exactly as it does south of it.

Paper beats memory, especially up here

Between long winters, seasonal work, and friends scattered from Watson Lake to Old Crow, the details of a spoken loan drift fast. A written agreement freezes them: the amount, the schedule, what happens if a payment slips. LendRight asks the questions in plain language and assembles the document with Yukon as the governing territory — then both of you sign from your phones.

One price, no meter running

Legal offices in the territory are few and not cheap; a basic loan agreement can easily run north of $450. Keep the lawyer budget for problems that need one.