Canada Student Financial Assistance Regulations

21 (1) With the written authorization of the Minister, a lender

• (a) who holds a borrower’s risk-shared loan agreement may exercise the powers given to the Minister under subsections 15(3) and (4) and sections 19 and 20; and

• (b) who holds a borrower’s guaranteed student loan agreement may exercise the powers given to the Minister under sections 19 and 20 and subsections 9(4) and (5) of the Canada Student Loans Regulations.

(2) The Minister shall provide the lender any information that is necessary to enable the lender to act under subsection (1).