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Apprentice Loans Act

Version of section 8 from 2015-01-02 to 2023-03-31:

Marginal note:Interest-free period

  •  (1) Subject to the regulations, no interest is payable by a borrower on an apprentice loan for the interest-free period that is set out in the regulations.

  • Marginal note:Deferral period

    (2) No amount on account of principal or interest in respect of an apprentice loan is required to be paid by the borrower until the end of the prescribed period.

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