C-77 - Act to promote credit to farm producers

Section 5 Disposition versions

1983-06-08

5. In the cases and within the limits established by regulation, the authorization of the Bureau must be obtained previously to the granting of a loan.

The authorization required for the purposes of the first paragraph is given by any person designated therefor by the Bureau.

Where the Bureau grants the authorization, it may also prescribe the conditions that the borrower must fulfil before a loan or a line of credit may be granted to him or paid out; the conditions may, in particular, contemplate the proportion of the expenses related to his agricultural operations that he must assume or must have already assumed with his own resources and without the aid of a loan, the allocation of his liquid assets to the payment of those expenses or the protection of the debt or the guarantees and other similar matters.

1974, c. 33, s. 3; 1978, c. 46, s. 2; 1983, c. 8, s. 2.

1978-08-01

5. In the cases and within the limits established by regulation, the authorization of the Bureau must be obtained previously to the granting of a loan.

The authorization required for the purposes of the first paragraph is given by any person designated therefor by the Bureau.

1974, c. 33, s. 3; 1978, c. 46, s. 2.

1977-12-31

5. In the cases and within the limits established by regulation, the advice of the Bureau must be obtained previously to the granting of a loan.

1974, c. 33, s. 3.