C-78.1 - Act to promote forest credit by private institutions

Section 51 Disposition versions

2001-04-17

51. The Government may, by regulation,

(1)  designate any institution entitled to grant a loan, in addition to those already authorized to do so under this Act;

(2)  determine the standards to which the lease of a borrower who is the lessee of a forest and the emphyteusis of a borrower who is the emphyteutic lessee of a forest are subject;

(3)  determine the tenor of the certificate contemplated in section 2 and the conditions for obtaining it;

(4)  fix the amortization basis and the terms and conditions relating to the repayment of loans;

(5)  fix the maximum annual rate of interest on loans and the dates and criteria for the readjustment of the rate of interest;

(6)  fix, for the purposes of section 24, the mode of allocation of the payments made under the terms of a deed of loan;

(7)  determine the cases where the transfer of a borrower’s life insurance policy benefits may be required;

(8)  define the cases where a loan must be accompanied with a mandatory program of financial operations and the terms and conditions to which such a loan must be subject, particularly with regard to the application for the loan, the supervision fees, the obligations of the borrower and any other accessory conditions;

(9)  fix the general bases of appraisal of property in respect of which a loan is granted or which are offered as security for a loan;

(10)  determine the amount, period, conditions, modalities and the date of payment of the contribution contemplated in section 38;

(11)  determine the extent, period and conditions of reduction of the rate of interest applicable to loans that the agency is authorized to grant under paragraph 7 of section 37;

(12)  determine, for the purposes of section 47, in what cases and on what conditions a lender may grant total or partial release of movable securities or agree on any modification thereto;

(13)  fix the proportion of the cost of appraisal of the property offered as security, payable by the agency and by the borrowers, respectively;

(14)  clarify the expression “to process wood otherwise than on a small scale industrial basis” used in sections 6 and 7;

(15)  specify the purposes of the loans provided for in section 14 and list them;

(16)  determine the cases where repayment of a loan may be secured otherwise than as prescribed in sections 17 and 18;

(17)  fix the maximum amount at which a loan does not necessitate a management plan, in accordance with section 31, for the forest in respect of which the loan is granted or serving as security for the loan;

(18)  prescribe the documents, reports and information to be made or filed under this Act and the time limits for their production;

(19)  prescribe any other measure necessary or advisable for the administration of this Act.

Every regulation made under this Act comes into force 10 days after its publication in the Gazette officielle du Québec or on any later date fixed therein.

1983, c. 16, s. 51; 1992, c. 32, s. 43; 1999, c. 40, s. 98; 2000, c. 53, s. 66.

1999-10-22

51. The Government may, by regulation,

(1)  designate any institution entitled to grant a loan, in addition to those already authorized to do so under this Act;

(2)  determine the standards to which the lease of a borrower who is the lessee of a forest and the emphyteusis of a borrower who is the emphyteutic lessee of a forest are subject;

(3)  determine the tenor of the certificate contemplated in section 2 and the conditions for obtaining it;

(4)  fix the amortization basis and the terms and conditions relating to the repayment of loans;

(5)  fix the maximum annual rate of interest on loans and the dates and criteria for the readjustment of the rate of interest;

(6)  fix, for the purposes of section 24, the mode of allocation of the payments made under the terms of a deed of loan;

(7)  determine the cases where the transfer of a borrower’s life insurance policy benefits may be required;

(8)  define the cases where a loan must be accompanied with a mandatory program of financial operations and the terms and conditions to which such a loan must be subject, particularly with regard to the application for the loan, the supervision fees, the obligations of the borrower and any other accessory conditions;

(9)  fix the general bases of appraisal of property in respect of which a loan is granted or which are offered as security for a loan;

(10)  determine the amount, period, conditions, modalities and the date of payment of the contribution contemplated in section 38;

(11)  determine the extent, period and conditions of reduction of the rate of interest applicable to loans that the Société is authorized to grant under paragraph 7 of section 37;

(12)  determine, for the purposes of section 47, in what cases and on what conditions a lender may grant total or partial release of movable securities or agree on any modification thereto;

(13)  fix the proportion of the cost of appraisal of the property offered as security, payable by the Société and by the borrowers, respectively;

(14)  clarify the expression “to process wood otherwise than on a small scale industrial basis” used in sections 6 and 7;

(15)  specify the purposes of the loans provided for in section 14 and list them;

(16)  determine the cases where repayment of a loan may be secured otherwise than as prescribed in sections 17 and 18;

(17)  fix the maximum amount at which a loan does not necessitate a management plan, in accordance with section 31, for the forest in respect of which the loan is granted or serving as security for the loan;

(18)  prescribe the documents, reports and information to be made or filed under this Act and the time limits for their production;

(19)  prescribe any other measure necessary or advisable for the administration of this Act.

Every regulation made under this Act comes into force 10 days after its publication in the Gazette officielle du Québec or on any later date fixed therein.

1983, c. 16, s. 51; 1992, c. 32, s. 43; 1999, c. 40, s. 98.

1993-06-17

51. The Government may, by regulation,

(1)  designate any institution entitled to grant a loan, in addition to those already authorized to do so under this Act;

(2)  determine the standards to which the lease of a borrower who is the lessee of a forest and the emphyteutic lease of a borrower who is the emphyteutic lessee of a forest are subject;

(3)  determine the tenor of the certificate contemplated in section 2 and the conditions for obtaining it;

(4)  fix the amortization basis and the terms and conditions relating to the repayment of loans;

(5)  fix the maximum annual rate of interest on loans and the dates and criteria for the readjustment of the rate of interest;

(6)  fix, for the purposes of section 24, the mode of allocation of the payments made under the terms of a deed of loan;

(7)  determine the cases where the transfer of a borrower’s life insurance policy benefits may be required;

(8)  define the cases where a loan must be accompanied with a mandatory program of financial operations and the terms and conditions to which such a loan must be subject, particularly with regard to the application for the loan, the supervision fees, the obligations of the borrower and any other accessory conditions;

(9)  fix the general bases of appraisal of immovables and movable property in respect of which a loan is granted or which are offered as security for a loan;

(10)  determine the amount, period, conditions, modalities and the date of payment of the contribution contemplated in section 38;

(11)  determine the extent, period and conditions of reduction of the rate of interest applicable to loans that the Société is authorized to grant under paragraph 7 of section 37;

(12)  determine, for the purposes of section 47, in what cases and on what conditions a lender may grant total or partial release of movable securities or agree on any modification thereto;

(13)  fix the proportion of the cost of appraisal of the property offered as security, payable by the Société and by the borrowers, respectively;

(14)  clarify the expression “to process wood otherwise than on a small scale industrial basis” used in sections 6 and 7;

(15)  specify the purposes of the loans provided for in section 14 and list them;

(16)  determine the cases where repayment of a loan may be secured otherwise than as prescribed in sections 17 and 18;

(17)  fix the maximum amount at which a loan does not necessitate a management plan, in accordance with section 31, for the forest in respect of which the loan is granted or serving as security for the loan;

(18)  prescribe the documents, reports and information to be made or filed under this Act and the time limits for their production;

(19)  prescribe any other measure necessary or advisable for the administration of this Act.

Every regulation made under this Act comes into force ten days after its publication in the Gazette officielle du Québec or on any later date fixed therein.

1983, c. 16, s. 51; 1992, c. 32, s. 43.

1984-06-30

51. The Government may, by regulation,

(1)  designate any institution entitled to grant a loan, in addition to those already authorized to do so under this Act;

(2)  determine the standards to which the lease of a borrower who is the lessee of a forest and the emphyteutic lease of a borrower who is the emphyteutic lessee of a forest are subject;

(3)  determine the tenor of the certificate contemplated in section 2 and the conditions for obtaining it;

(4)  fix the amortization basis and the terms and conditions relating to the repayment of loans;

(5)  fix the maximum annual rate of interest on loans and the dates and criteria for the readjustment of the rate of interest;

(6)  fix, for the purposes of section 24, the mode of allocation of the payments made under the terms of a deed of loan;

(7)  determine the cases where the transfer of a borrower’s life insurance policy benefits may be required;

(8)  define the cases where a loan must be accompanied with a mandatory program of financial operations and the terms and conditions to which such a loan must be subject, particularly with regard to the application for the loan, the supervision fees, the obligations of the borrower and any other accessory conditions;

(9)  fix the general bases of appraisal of immovables and movable property in respect of which a loan is granted or which are offered as security for a loan;

(10)  determine the amount, period, conditions, modalities and the date of payment of the contribution contemplated in section 38;

(11)  determine the extent, period and conditions of reduction of the rate of interest applicable to loans that the Office is authorized to grant under paragraph 7 of section 37;

(12)  determine, for the purposes of section 47, in what cases and on what conditions a lender may grant total or partial release of movable securities or agree on any modification thereto;

(13)  fix the proportion of the cost of appraisal of the property offered as security, payable by the Office and by the borrowers, respectively;

(14)  clarify the expression “to process wood otherwise than on a small scale industrial basis” used in sections 6 and 7;

(15)  specify the purposes of the loans provided for in section 14 and list them;

(16)  determine the cases where repayment of a loan may be secured otherwise than as prescribed in sections 17 and 18;

(17)  fix the maximum amount at which a loan does not necessitate a management plan, in accordance with section 31, for the forest in respect of which the loan is granted or serving as security for the loan;

(18)  prescribe the documents, reports and information to be made or filed under this Act and the time limits for their production;

(19)  prescribe any other measure necessary or advisable for the administration of this Act.

Every regulation made under this Act comes into force ten days after its publication in the Gazette officielle du Québec or on any later date fixed therein.

1983, c. 16, s. 51.