National Housing Act
Marginal note:Definition of "housing loan"
7. In this Part, “housing loan” means a loan that
(a) relates to a housing project;
(b) is secured at least in part by security on or affecting a housing project or by an agreement relating to the use, occupancy or disposal of a housing project;
(c) is made for the purpose of acquiring a financial interest in a person who, directly or indirectly, owns, leases or operates a housing project; or
(d) is made for the purpose of refinancing a debt that the Corporation is of the opinion relates to a housing project or to a financial interest referred to in paragraph (c).
- R.S., 1985, c. N-11, s. 7;
- R.S., 1985, c. 25 (4th Supp.), s. 3;
- 1992, c. 32, s. 8(F);
- 1999, c. 27, s. 3.
- Date modified: