F-1.2 - Act respecting farm financing

Section 117 Disposition versions

1988-08-11

117. The Government may establish a revisory committee for one or another of the following purposes:

(1)  to examine the file of an applicant, at his written request, following a decision by the Office to refuse an application respecting a loan, a line of credit, a special loan, the assumption of a loan, a subsidy, a purchase, a lease or a sale under this Act or any other Act under its administration or an application relating to a program which it has been entrusted to direct or implement;

(2)  to examine the file of any interested person, at his request, following a decision by the Office to realize on the security held in respect of a loan, line of credit or special loan granted under this Act or any other Act under the administration of the Office or to authorize a lender to do so.

The revisory committee may hear any person who applies therefor pursuant to the first paragraph and any other person who, in its opinion, could provide it with relevant information in respect of the file of the applicant.

1987, c. 86, s. 117.