This is an official version. Copyright © 2009: Queen's Printer, Important Information
Statutes of Newfoundland and Labrador 2009 1.
S.16 Amdt. 2. Commencement Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: SNL2002 cS-29.01 1. (1) Paragraph 16(1)(e.1) of the Student Financial Assistance Act is repealed and the following substituted: (e.1) setting lower interest rates or eliminating interest for student loan agreements and setting the effective dates for those lowered interest rates or eliminated interest, except where a judgment of the court has been made with respect to a student loan agreement; (2) Paragraph 16(1)(e.2) of the Act is repealed and the following substituted: (e.2) setting lower interest rates or eliminating interest for debts owed to the Crown or the corporation as a result of the Crown or the corporation fulfilling the obligations of a borrower under a student loan agreement, and setting the effective dates for those lowered interest rates or eliminated interest, excepting debts that are owed to the Crown or the corporation as a result of a judgment of a court; (3) Subsection 16(4) of the Act is repealed and the following substituted: (4) An interest rate lowered or interest eliminated in accordance with regulations made under paragraphs (1)(e.1) and (e.2) applies to a student loan agreement or a debt owed to the Crown or the corporation as a result of the Crown or the corporation fulfilling the obligations of a borrower under a student loan agreement notwithstanding that that lowered interest rate or eliminated interest is contrary to a term or condition of the applicable student loan agreement. Commencement 2. This Act comes into force on ©Earl G. Tucker, Queen's Printer |