Canadian Agricultural Loans Regulations

15 A lender shall take security for the repayment of a loan in one or more of the following forms, as appropriate:

• (a) security under section 427 of the Bank Act;

• (b) security registered in accordance with the applicable personal or movable property legislation in the province;

• (c) a pledge, hypothecation or movable hypothec;

• (d) a mortgage or hypothec on real or immovable property; or

• (e) an assignment of any rights or interest of the borrower under an agreement for sale.