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A-18 - Act to promote farm improvement
Section 5.1
Disposition versions
5.1. Where the borrower is a farmer or an aspiring farmer, the maximum amount of $200 000 contemplated in section 5 is established by taking into account
(1) the balance owing by him personnally on any other loan he has obtained or of which he has assumed payment; and
(2) his relative share in the balance of any other loan he has obtained jointly with any other person or of which he has assumed payment in the same manner.
