17. A borrower who obtains a repayment of interest by false statements or on false pretences, or uses the proceeds of the loan or any part thereof for purposes other than those for which the loan was obtained, shall ipso facto forfeit the right to repayment and must return to the Office du crédit agricole du Québec what he has received.
R. S. 1964, c. 109, s. 16; 1969, c. 43, s. 10; 1977, c. 5, s. 14.