Monthly payments during repayment assistance
 45. (1) If a borrower is granted repayment assistance at the interest relief stage, (a)  the borrower shall pay to the Minister the Ontario portion of his or her monthly affordable payment; and (b)  the Minister shall forgive any interest payable as part of the Ontario portion of the borrower’s monthly required payment that is not paid by the borrower under clause (a). (2) Despite clause (1) (b), where the borrower has student loans issued under the pre-2001 Regulation, the Minister shall pay to the bank that issued the student loan any interest payable on those loans in respect of the Ontario portion of the borrower’s monthly required payment that is not paid by the borrower under clause (1) (a). (3) For greater certainty, during the interest relief stage of repayment assistance, any part of the Ontario portion of a borrower’s monthly required payment that is attributable to principal and not covered by the borrower’s payment under clause (1) (a) is not payable to the Minister. (4) If a borrower is granted repayment assistance at the debt reduction stage, (a)  the borrower shall pay to the Minister the Ontario portion of his or her monthly affordable payment; and (b)  the Minister shall forgive any part of the Ontario portion of the borrower’s monthly required payment, whether attributable to interest alone or to both principal and interest, that is not paid by the borrower under clause (a). (5) Despite clause (4) (b), where the borrower has student loans made under the pre-2001 Regulation, the Minister shall pay to the bank that issued the student loan any principal and interest payable on those loans in respect of the Ontario portion of the borrower’s monthly required payment that is not paid by the borrower under clause (4) (a). (6) A monthly payment made by the borrower under this section shall be paid to the Minister each month at the same time as the monthly amounts otherwise payable under the consolidated loan agreement, or under the arrangement established by the Minister under section 29 of this Regulation or section 29 of the 2001 Regulation, would have been paid. (7) Despite subsection 34 (4) of this Regulation, subsection 31 (5) of the 2001 Regulation and subsection 9 (3) of the pre-2001 Regulation, a monthly payment made by the borrower under this section shall be applied against the borrower’s outstanding student loans as follows: 1.  The full amount of the payment shall be applied first against the part of the Ontario portion of the monthly required payment that would be payable on the outstanding principal. 2.  If the amount of the payment exceeds the amount of principal payable as part of the Ontario portion of the monthly required payment, the excess amount shall be applied against the interest payable as part of the Ontario portion of the monthly required payment. (8) Despite anything in subsections (1), (2), (4) and (5), the Minister is not required to pay an amount under this section in respect of a month during a repayment assistance period if the borrower fails to make a payment as required under this section in respect of that month. (9) If there is a conflict between this section and a provision of a consolidated loan agreement or the arrangement established by the Minister under section 29 of this Regulation or section 29 of the 2001 Regulation, this section prevails.