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A-13.3, r. 3 - Regulation respecting the interest rate to be applied to certain measures provided for in the Act respecting financial assistance for education expenses and the Regulation respecting financial assistance for education expenses for the 2021-2022 and 2022-2023 years of allocation
Section 2
Disposition versions
2. A borrower who wishes to reduce the payments applicable to the repayment of the balance of the borrower’s guaranteed loan for the period referred to in section 1 from the amount of interest paid by the Minister under that section must apply to the financial institution. Failing such application, the amount of the interest paid by the Minister is deducted from the balance of the principal of the borrower’s guaranteed loan.
In force: 2022-04-01
2. A borrower who wishes to reduce the payments applicable to the repayment of the balance of the borrower’s guaranteed loan for the period referred to in section 1 from the amount of interest paid by the Minister under that section must apply to the financial institution. Failing such application, the amount of the interest paid by the Minister is deducted from the balance of the principal of the borrower’s guaranteed loan.
