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C-78.1 - Act to promote forest credit by private institutions
Section 46
Disposition versions
46. Where a borrower collects a sum of money on or pursuant to the transfer, expropriation or lease for more than one year of an immovable securing a loan owing from such borrower, the said sum, subject to the second paragraph of section 24, must be applied to the repayment in full or in part of the loan, unless otherwise decided by the agency.
46. Where a borrower collects a sum of money on or pursuant to the transfer, expropriation or lease for more than one year of an immovable securing a loan owing from such borrower, the said sum, subject to the second paragraph of section 24, must be applied to the repayment in full or in part of the loan, unless otherwise decided by the Société.
46. Where a borrower collects a sum of money on or pursuant to the transfer, expropriation or lease for more than one year of an immovable securing a loan owing from such borrower, the said sum, subject to the second paragraph of section 24, must be applied to the repayment in full or in part of the loan, unless otherwise decided by the Office.
