A-13.3, r. 1 - Regulation respecting financial assistance for education expenses

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78. A borrower is in default if the borrower
(1)  avails himself or herself of or is subject to an Act relating to bankruptcy, insolvency or the protection of debtors;
(2)  refuses, neglects or fails to enter into a repayment agreement; or
(3)  refuses, neglects or fails to make a payment due under the repayment agreement and that refusal, negligence or failure extends beyond 30 days.
O.C. 344-2004, s. 78.