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Canada Small Business Financing Regulations

Version of section 28.1 from 2009-04-01 to 2016-02-18:


 When the loan term is longer than the maximum period specified in paragraph 6(b), the Minister must pay the lender the amount of any loss calculated in accordance with subsection 38(7) if the default referred to in section 36 occurs before the expiry of 10 years after the day on which the first payment of principal and interest is due.

  • SOR/2009-102, s. 18

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