C-77.1 - Aquaculture Credit Act

Section 25 Disposition versions

2999-12-31

25. In each of the cases contemplated in section 24, the Office, if it sees fit, may claim any amount paid as a contribution to the payment of interest on the loan or any amount representing the reduction in the rate of interest, and the interest on that amount at the annual rate fixed in accordance with section 11 and specified in the deed of loan, from the date of each payment or reduction. In such a case, the lender does not necessarily forfeit the benefit of the loan insurance contemplated in section 4 of the Act respecting farm-loan insurance and forestry-loan insurance (chapter A-29.1).

1984, c. 21, s. 25.