Canadian Agricultural Loans Act
Version of section 9 from 2002-12-31 to 2009-06-17:
Marginal note:Limit re appraised value
9 The Minister is not liable under this Act to make any payment to a lender in respect of that portion of the loss sustained by it as a result of a loan that exceeds eighty per cent of the appraised value, determined as of the day the loan is made, of the property in respect of which the loan is made.
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