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

Section 15
Disposition versions

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15. A loan is repayable within the term determined in the certificate according to the amortization basis and modalities determined by regulation.
In no case may the term exceed 30 years except in the case of a loan secured by movable hypothec in which case it must not exceed 15 years.
1983, c. 16, s. 15; 1992, c. 57, s. 541.
15. A loan is repayable within the term determined in the certificate according to the amortization basis and modalities determined by regulation.
In no case may the term exceed thirty years except in the case of a loan secured by pledge of forest property, in which case it must not exceed fifteen years.
1983, c. 16, s. 15.
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