76. On the expiry of the period determined under section 75, the borrower may apply to the Minister to be again recognized as a borrower in a precarious financial situation.
In the case provided for in section 74.1, a borrower may not be recognized again as a borrower in a precarious financial situation if the borrower fails to make a monthly payment payable pursuant to the fourth paragraph of section 75.
A borrower may not, however, be recognized as being in a precarious financial situation for more than 60 months during the borrower’s lifetime.
O.C. 344-2004, s. 76; O.C. 1009-2011, s. 17.