Canada Student Loans Regulations
(2) A borrower shall authorize the lender to exchange with consumer credit grantors, credit bureaus and credit reporting agencies information in relation to all guaranteed student loans of the borrower, in accordance with any laws applicable to unsecured loans to which the Act does not apply and which are in effect in a province in which the guaranteed student loan agreement is made, or in a province in which a lender to which the loan agreement is assigned is situated.
(3) Lenders, appropriate authorities, specified educational institutions and the Minister shall collect, use and disclose any information and records necessary for the purposes of carrying out their powers and duties in accordance with the Act, these Regulations, the Canada Student Financial Assistance Act and any regulations made thereunder, and for the purposes of the administration and enforcement of those Acts and Regulations.
- SOR/96-369, s. 10
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