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C-78 - Forestry Credit Act
Section 12
Disposition versions
12. The agency may fix the accessory or secondary conditions to which loans shall be subject, as to the borrower’s titles, the deeds of loan, the protection of the security and other similar matters.
In addition to the security provided for the loan, the agency, in the cases specified by regulation, may require of the borrower an insurance policy on his life to secure the repayment of the loan in the case of his death.
12. The Bureau may fix the accessory or secondary conditions to which loans shall be subject, as to the borrower’s titles, the deeds of loan, the protection of the security and other similar matters.
In addition to the security provided for the loan, the Bureau, in the cases specified by regulation, may require of the borrower an insurance policy on his life to secure the repayment of the loan in the case of his death.
