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

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21. Where a borrower declares himself unable to meet his obligations on maturity, the lender may agree with him on new conditions for the repayment of the loan provided that he obtains prior authorization therefor from the Office, that the delay granted does not prolong the term of the loan beyond the term provided for in section 14 and that the loan remains payable by periodic and consecutive instalments.
1978, c. 50, s. 21.