Marginal note:Designation
5 (1) The Corporation may designate any person as an approved lender for the purposes of this Act.
Marginal note:Term of designation
(2) The designation of an approved lender and any renewal of that designation are in force for any period that the Corporation may specify.
Marginal note:Conditions and restrictions
(3) The Corporation may, at any time, establish conditions and restrictions applicable to an approved lender.
Marginal note:Suspension
(4) The Corporation may, at any time, suspend or cancel the designation of an approved lender.
Marginal note:Fees
(5) The Corporation may establish schedules of fees payable by approved lenders in relation to their designation and supervision.
- R.S., 1985, c. N-11, s. 5
- R.S., 1985, c. 25 (4th Supp.), s. 2
- 1999, c. 27, s. 3
- Date modified: