Canada Student Loans Act — S-23 17
Regulations 17 The Governor in Council may make regulations (a) [Repealed, 1993, c. 12, s. 9] (b) prescribing in accordance with paragraph 7(f) the provisions to be included in agreements between borrowers and lenders relating to guaranteed student loans; (c) providing for the alteration of agreements between borrowers and lenders and prescribing the conditions and consequences of those alterations; (d) providing for the assignment or transfer by lenders of agreements between borrowers and lenders and prescribing the conditions and consequences of such assignments or transfers; (e) prescribing, for the purposes of section 6, the rate of interest, or the manner of determining the rate of interest, payable by the Minister on a guaranteed student loan or a class of guaranteed student loans; (f) prescribing, for the purposes of paragraph 7(d), (i) the manner of calculating the interest and the amount on which it is to be calculated, and (ii) the rate of interest or the manner of determining the rate of interest; (g) prescribing, in the event of default in the repayment of a guaranteed student loan, the measures to be taken by the lender and the procedures to be followed for the collection of the amount of the loan outstanding and accrued interest; (h) prescribing, for the purpose of section 7 or 7.1, the method of determining the amount of any loss sustained by a lender; (i) prescribing the procedure to be followed by a lender in making a claim against the Minister; (j) respecting the subrogation of Her Majesty to the rights of a lender with respect to a guaranteed student loan; (k) prescribing the maximum number of periods of studies that may elapse after which, notwithstanding anything in this Act, the principal amount of a guaranteed student loan made to a full-time student and interest thereon shall commence to be payable by the borrower; (k.1) respecting the circumstances in which an amount on account of principal or interest is not required to be paid in respect of guaranteed student loans; (l) respecting, for the purposes of subparagraph 7(e)(i), criteria, parameters, or the incorporation by reference of such established lender practices as are specified, in respect of the repayment of guaranteed student loans made to full-time students; (m) [Repealed, 2022, c. 19, s. 152] (n) prescribing the period within which a lender shall make a claim against the Minister in respect of the amount of any loss sustained as a result of a guaranteed student loan and prescribing the amount or proportion by which any amount to be paid by the Minister to a lender pursuant to section 7 shall be reduced where the lender fails to make a claim within the prescribed period; (o) prescribing the formulas referred to in subsection 3(2); (p) providing for reports to be made to the Minister for the purposes of this Act and prescribing the kind of information to be included in those reports; (q) providing for the repayment of guaranteed student loans by borrowers or classes of borrowers on an income-contingent basis; (q.1) providing, in respect of student loans made to full-time and part-time students, for the gratuitous payment, including the method of calculating it, whether conditionally or unconditionally, by the Minister to lenders of amounts in respect of those loans, and for the discharge of those loans to the extent of those amounts; (q.2) prescribing the amount that may be forgiven in respect of a year under section 11.1 in respect of a guaranteed student loan; (q.3) prescribing the maximum number of years in respect of which amounts may be forgiven under section 11.1 in respect of a guaranteed student loan; (r) defining the words and expressions “dental hygienist”, “dentist”, “early childhood educator”, “family physician”, “full-time student”, “midwife”, “nurse”, “nurse practitioner”, “part-time student”, “personal support worker”, “pharmacist”, “physiotherapist”, “psychologist”, “responsible officer of a lender”, “social worker”, “teacher” an