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In This Volume

  • 8 (1) To secure repayment of money advanced in respect of land, the minister may file in the land title office for the district in which the land is located a certificate showing the following:
  • (a) the date the money was advanced;
  • (b) the amount of money advanced;
  • (c) a summary of any terms and conditions of repayment or forgiveness that are not contained in the regulations;
  • (d) a description of the land sufficient to identify it in the land title office records.
  • (2) On receiving a certificate under this section, the registrar must file it without fee and make reference to it in the proper register against the title to the land described in the certificate.
  • (3) For the purposes of subsection (2) the registrar must not register a transfer or conveyance of the fee simple in the land, an agreement to transfer the fee simple, or a lease, sublease, assignment of lease or mortgage of the land, except as may be prescribed.
  • (4) If money advanced is repaid, or if it is forgiven under the Financial Administration Act, the minister must file a cancellation of the certificate in the land title office.
  • (5) If the regulations made under section 11 prescribe that an obligation to repay money advanced is to be extinguished on the expiration of a prescribed time or on the happening of a prescribed event, on the expiration of the time or the happening of the event, the minister must file a cancellation of the certificate in the land title office.
  • (6) On receipt of a written request showing the name of the person to whom the money was advanced and a description of the land sufficient to identify it, the minister must issue a statement showing the terms and conditions of the advance and the amount owing to the government in respect of it as of the date of the statement.

1979-20-8; 1981-15-124, effective November 26, 1981.