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Agricultural Credit Act, R.S.B.C 1996, c. 9

Note: The Agricultural Credit Act was repealed by s. 1 of the Miscellaneous Statutes Amendment Act, 2003, S.B.C. 2003, c. 7, in force June 1, 2003 by B.C. Reg. 201/2003. Under s. 68 of that Act, s. 7 of the Agricultural Credit Act continues to apply to charges filed on or before May 31, 2003.

The Minister of Agriculture and Lands was authorized to provide financial assistance to farm operators by way of a loan guarantee or a loan. Where repayment was in default, the minister was entitled to apply to register a Certificate of Charge for Registration in the land title office.

  • Nature of Interest: Certificate shows guarantee or loan has been made respecting described lands.
  • Procedure for Registration: Certificate is a substitute for an application to register and no Form 17 is required.
  • Effect of Registration: Certificate constitutes an encumbrance on land in favour of the government in the amount of the debt owing.
  • Procedure for Release: Minister must file a certificate when the debt is paid or added to the assessment roll under s. 6 of the Act.