C-75.1 - Act to promote long term farm credit by private institutions

Section 13 Disposition versions

1978-08-01

13. To benefit by this act, an applicant, before making a loan, must obtain a certificate, the tenor and conditions of which are determined by regulation.

No such certificate may be issued by the Office to the applicant unless, to the satisfaction of the Office, he meets the conditions required by the act to qualify for a loan and the criteria of need established by regulation, and has the financial and moral capacity to repay the loan applied for, and unless the titles concerning the property offered as security for the loan have been verified and accepted by the Office.

1978, c. 50, s. 13.