A-29.1 - Act respecting farm-loan insurance and forestry-loan insurance

Section 5 Disposition versions

2001-04-17

5. The agency shall pay to the Fonds, in each of its fiscal years, a sum of money as insurance charge for farm loans. The Government shall do the same for forestry loans.

The sum shall be established and paid in the manner prescribed by regulation.

1978, c. 49, s. 5; 1988, c. 3, s. 3; 1991, c. 11, s. 2; 2000, c. 53, s. 53.

1991-06-06

5. Each fiscal year, the Government shall pay a sum of money to the Fonds as insurance charge for farm loans and forestry loans.

The sum shall be established and paid in the manner prescribed by regulation.

1978, c. 49, s. 5; 1988, c. 3, s. 3; 1991, c. 11, s. 2.

1988-08-11

5. In the cases and in accordance with the rates, terms and conditions determined by regulation, an insurance charge is payable by the borrower in respect of a loan contemplated in section 4, out of the proceeds of the loan, on its disbursement.

An insurance charge computed in accordance with the rates fixed by regulation is payable to the Fonds on the terms and conditions, at the payment intervals and in the cases prescribed by regulation in respect of

(1)  any forest loan granted under the Act to promote forest credit by private institutions (chapter C-78.1) or assumed following a written application for a loan received by the Office from 11 August 1988;

(2)  any farm loan.

1978, c. 49, s. 5; 1988, c. 3, s. 3.

1978-08-01

5. In the cases and in accordance with the rates, terms and conditions determined by regulation, an insurance charge is payable by the borrower in respect of a loan contemplated in section 4, out of the proceeds of the loan, on its disbursement.

1978, c. 49, s. 5.