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A-29.1, r. 1 - Regulation respecting the application of the Act respecting farm-loan insurance and forestry-loan insurance
Section 8
Disposition versions
8. Study of the claim and recommendation of payment: Subject to the fourth paragraph of section 4 of the Act, the agency shall study every claim submitted under section 17 of the Act and all the documents it already possesses or that it may demand to verify the merits of the claim and, where it ascertains that the lender has satisfied the conditions of the Act and the Regulation, it shall recommend to the Fonds that it make the payment.
Where the agency makes such a recommendation, it shall inform the lender and payment of the claim shall be made by the Fonds within 30 days following the recommendation.
