F-1.2 - Act respecting farm financing

Section 27 Disposition versions

1988-08-11

27. Where the term for the repayment of a loan exceeds five years, the lender may, at the expiry of every five-year period included in the term, counting from the date of the deed of loan, demand repayment of the balance then due on the loan, provided ninety days’ notice is given to the borrower and to the Office.

The notice shall be sent by registered or certified letter to their last known address and the time starts to run from the date of its mailing.

1987, c. 86, s. 27.