Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

C-78 - Forestry Credit Act

Section 7
Disposition versions

Full text
7. To determine the amount of a loan granted by it, the agency shall compute, as if part of the same loan, the balance owed by the borrower on any loan previously granted under this subdivision or of which he assumes or has assumed payment by succession or otherwise.
The amount owed to the agency by a borrower must never exceed the amounts contemplated in section 4, except in respect of debts devolving to him by succession or contracted by him to acquire property which the agency has disposed of under this Act.
1975, c. 33, s. 7; 2000, c. 53, s. 66.
7. To determine the amount of a loan granted by it, the Bureau shall compute, as if part of the same loan, the balance owed by the borrower on any loan previously granted under this subdivision or of which he assumes or has assumed payment by succession or otherwise.
The amount owed to the Bureau by a borrower must never exceed the amounts contemplated in section 4, except in respect of debts devolving to him by succession or contracted by him to acquire property which the Bureau has disposed of under this Act.
1975, c. 33, s. 7.
© Gouvernement du Québec