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C-75 - Farm Credit Act

Section 26
Disposition versions

Full text
26. The Bureau may fix the accessory or secondary conditions to which loans (prêts) shall be subject, as to the borrower’s titles, deeds of obligation, the protection of the securities and other similar matter.
In addition to the security provided for the loan (prêt), the Bureau, in the cases specified by regulation, may require from the borrower an insurance policy on his life to secure the repayment of the loan in the case of his death.
The Bureau may also, in the cases and in accordance with the terms and conditions defined by regulation, require any person who applies for a loan to submit, before or after his application, a programme of financial operations acceptable to the Bureau, fix the supervision fees for such a loan and determine in the deed of loan the obligations that the borrower must submit to in regard to such programme.
R. S. 1964, c. 108, s. 18; 1972, c. 32, s. 5; 1975, c. 34, s. 10.
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