Default
14 (1) In the event of any default in the repayment of a loan made under this Part, (a) interest on the amount due shall accrue during the time of such default at the rate prescribed from time to time; and (b) in addition to any other remedy for the recovery thereof, should the default continue for a period of one year, the outstanding balance of the loan together with accrued interest and costs shall thereupon become due and payable.  R.S.O. 1990, c. S.10, s. 14 (1). Debt owing Her Majesty (2) The amount lent under this Part is a debt due Her Majesty in right of Ontario from the owner of the land and any subsequent owner of the land and the outstanding balance of the loan, together with interest due and costs, may be recovered by an action in any court of competent jurisdiction against the owner or any subsequent owner.  R.S.O. 1990, c. S.10, s. 14 (2). Special lien (3) Her Majesty in right of Ontario has a special lien for the outstanding balance of a loan made under this Part, together with interest and costs, against the land in respect of which the loan was made and against the buildings and structures on the land.  R.S.O. 1990, c. S.10, s. 14 (3). Priority (4) The special lien conferred by subsection (3) has priority over, (a) every mortgage and other encumbrance in respect of which a consent to the loan was given; and (b) every mortgage and other encumbrance or claim that was created or that arose before the lien arose, if the mortgage, other encumbrance or claim was not registered in the proper land registry office against the title to the land at the time the lien arose.  R.S.O. 1990, c. S.10, s. 14 (4). Idem (5) The Minister may register a notice of the special lien conferred by subsection (3) in the proper land registry office against the title of the land, and, upon registration of the notice, the special lien has, in addition to the priority given by subsection (4), priority over every mortgage or other encumbrance or claim registered in the proper land registry office against the title to the land after registration of the notice.  R.S.O. 1990, c. S.10, s. 14 (5). Additional remedies (6) In addition to any other remedies, where there has been default in repayment of a loan made under this Part, (a) the amount of the loan due and unpaid, together with interest and costs, may be deducted from any money payable by the Province of Ontario to the person who is in default; and (b) if the land or any part of it is occupied by a tenant, the Minister may give notice in writing to the tenant requiring the tenant to pay to the Treasurer of Ontario the rent payable by the tenant as it becomes due to the amount of the loan due and unpaid, together with interest and costs.  R.S.O. 1990, c. S.10, s. 14 (6). Apportionment on subdivision of land (7) Where a part of a parcel of land in respect of which money has been lent under this Part is sold, the Minister may apportion the amount owing, including interest and costs between the part sold and the part remaining, having regard to the effect of the works, building raising, building relocation or building repair on each part into which the parcel of land is divided and such other matters as the Minister considers appropriate, and the decision of the Minister with respect to the apportionment is final.  R.S.O. 1990, c. S.10, s. 14 (7). Discharge of debt (8) The owner of land in respect of which money has been borrowed under this Part may obtain a discharge of the indebtedness at any time by paying to the Treasurer of Ontario the outstanding balance of the loan together with accrued interest and costs.  R.S.O. 1990, c. S.10, s. 14 (8). Idem (9) Upon the repayment in full of a loan made under this Part, the Minister shall cause to be registered in the proper land registry office against the title of the land a certificate discharging the special lien conferred by subsection (3).  R.S.O. 1990, c. S.10, s. 14 (9).