C-78.1 - Act to promote forest credit by private institutions

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12. In no case may the total amount owing under this Act by a borrower exceed $500,000 in principal unless the excess amount is the result of debts devolved to him by succession or contracted by him in acquiring property which the agency disposed of under this Act or the Forestry Credit Act (chapter C-78).
The first paragraph applies, with the necessary modifications, to the computation of the amount contemplated in paragraph 1 of section 11.
1983, c. 16, s. 12; 1992, c. 32, s. 43; 2000, c. 53, s. 66.
12. In no case may the total amount owing under this Act by a borrower exceed $500 000 in principal unless the excess amount is the result of debts devolved to him by succession or contracted by him in acquiring property which the Société disposed of under this Act or the Forestry Credit Act (chapter C-78).
The first paragraph applies, mutatis mutandis, to the computation of the amount contemplated in paragraph 1 of section 11.
1983, c. 16, s. 12; 1992, c. 32, s. 43.
12. In no case may the total amount owing under this Act by a borrower exceed $500 000 in principal unless the excess amount is the result of debts devolved to him by succession or contracted by him in acquiring property which the Office disposed of under this Act or the Forestry Credit Act (chapter C-78).
The first paragraph applies, mutatis mutandis, to the computation of the amount contemplated in paragraph 1 of section 11.
1983, c. 16, s. 12.