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Immigration and Refugee Protection Regulations

Version of section 291 from 2009-06-04 to 2018-02-11:


Marginal note:Repayment

  •  (1) Subject to section 292, a loan made under section 289 becomes payable

    • (a) in the case of a loan for the purpose of defraying transportation costs, 30 days after the day on which the person for whose benefit the loan was made enters Canada; and

    • (b) in the case of a loan for any other purpose, 30 days after the day on which the loan was made.

  • Marginal note:Repayment terms

    (2) Subject to section 292, a loan made under section 289, together with all accrued interest, must be repaid in full, in consecutive monthly instalments, within

    • (a) 12 months after the day on which the loan becomes payable, if the amount of the loan is not more than $1,200;

    • (b) 24 months after the day on which the loan becomes payable, if the amount of the loan is more than $1,200 but not more than $2,400;

    • (c) 36 months after the day on which the loan becomes payable, if the amount of the loan is more than $2,400 but not more than $3,600;

    • (d) 48 months after the day on which the loan becomes payable, if the amount of the loan is more than $3,600 but not more than $4,800; and

    • (e) 72 months after the day on which the loan becomes payable, if the amount of the loan is more than $4,800.

  • SOR/2009-163, s. 12(F)

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