Canadian Agricultural Loans Regulations

16 (1) A lender shall register every loan with the Minister, in a form approved by the Minister,

• (a) in the case of a loan made for any purpose set out in any of paragraphs 4(1)(a) to (c), (g) and (h) and 6(1)(a), (d) and (e) of the Act, within 60 days after the date on which the first disbursement is advanced; and

• (b) in the case of loans made for any purpose set out in paragraph 4(1)(d), (e) or (f) or 6(1)(b) or (c) of the Act, within 180 days after the date on which the first disbursement is advanced.

(2) The Minister may, on application by a lender, extend the time set out in paragraph (1)(a) or (b) if the Minister is satisfied that the lender was unable to register the loan within that time.