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Canadian Agricultural Loans Regulations

Version of section 6 from 2006-03-22 to 2014-02-27:

 Subject to paragraphs 4(3)(c) and 6(2)(c) of the Act, the amount of a loan for any of the purposes set out in paragraphs 4(1)(a) to (h) and 6(1)(a) to (d) of the Act may not exceed the lesser of

  • (a) 80% of the appraised value of the property in respect of which the loan is made, or

  • (b) the cost of acquisition of the property.

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