Canada Student Loans Regulations — 9
the borrower of the borrower's obligations; or (b) effect collection of the outstanding balance of the principal amount of the guaranteed student loan and any accrued interest that is payable. (3) Subject to subsection (6), where the outstanding balance of the principal amount of a guaranteed student loan and any accrued interest become payable pursuant to paragraph (1)(a) or (b) and a claim for loss is paid to the lender by the Minister, the Minister shall, effective on the day of that payment, (a) [Repealed, SOR/96-369, s. 8] (b) [Repealed, SOR/2023-273, s. 6] (c) [Repealed, SOR/2023-273, s. 6] (d) refuse to grant the borrower repayment assistance referred to in section 19 or 20 of the Canada Student Financial Assistance Regulations ; (e) refuse to grant the loan forgiveness referred to in subsection 11.1(1) of the Act. (4) [Repealed, SOR/2023-273, s. 6] (5) When the outstanding balance of the principal amount of a guaranteed student loan and any accrued interest become payable under paragraph (1)(h) or (i), the Minister shall, in addition to the measures taken under subsections (3) and (4), terminate any repayment assistance granted to the borrower under section 19 or 20 of the Canada Student Financial Assistance Regulations and refuse to grant further repayment assistance and the loan forgiveness referred to in subsection 11.1(1) of the Act. (6) Where an event referred to in paragraph (1)(a) or (b) occurs in respect of a borrower's full-time guaranteed loan and, subsequent to that event, the borrower erroneously receives a certificate of eligibility under the Canada Student Financial Assistance Act and at least one disbursement on the basis of that certificate, the measure referred to in paragraph (3)(c) shall take effect on the last day of the period of studies for which that certificate was issued. (7) If an event referred to in any of paragraphs (1)(c) to (g) occurs, in respect of either a student loan or a guaranteed student loan made to a borrower as a full-time student, before the last day of the last confirmed period of the program of studies in which the borrower is enrolled at the time the event occurs, the borrower is entitled, if otherwise eligible, to a new student loan for that program of studies. (8) If the borrower receives a new student loan under subsection (7), the measures referred to in subsection (1) take effect on the earliest of (a) the last day of the last confirmed period of the program of studies in which the borrower was enrolled at the time the event occurred, (b) the day that is three years after the occurrence of the event or, if that day occurs during a confirmed period, the last day of that period, and (c) the last day of the month in which the borrower’s course load no longer meets the minimum percentage set out in subparagraph (a)(i) of the definition full-time student in subsection 2(1) of the Canada Student Financial Assistance Regulations or, in the case of a person who elects to be considered as a full-time student under section 2.1 of those Regulations, the minimum percentage set out in that section. (9) [Repealed, SOR/2023-273, s. 6] (10) [Repealed, SOR/2023-273, s. 6] SOR/95-331, s. 5; SOR/96-369, s. 8; SOR/2004-121, s. 3; SOR/2009-201, s. 8; SOR/2009-212, s. 9; SOR/2012-254, s. 6 SOR/2020-184, s. 3 SOR/2023-273, s. 6