S-8, r. 7 - By-law respecting housing

Section 10 Disposition versions

2012-09-01

10. Any application for a loan by a non-profit Société must be submitted together with a fee, payable to the Société, in the amount of $30 per dwelling unit or of $20 per hostel bed in the case of hostelry housing type. When the loan is granted, this fee is part of the cost of construction or the cost of acquisition and conversion. This fee is reimbursed to the borrower if the loan is not granted by the Société. However, it is forfeited if the borrower refuses the loan subsequent to a written commitment by the Société to make the loan or if the loan is cancelled according to section 11.

R.R.Q., 1981, c. S-8, r. 3, s. 10.