Canada Student Loans Act

Marginal note:Administrative measures

• 18.1 (1) If a person, in respect of a guaranteed student loan, knowingly makes any false statement or misrepresentation, including by omission, in an application or other document or knowingly provides any false or misleading information, including by omission, the Minister may

  • (a) deny the person an interest-free period under section 4 or a special interest-free period under section 10 for a prescribed period, or terminate the interest-free period or the special interest-free period;

  • (b) deny the person the deferral of payments of principal or interest under section 5 for a prescribed period, or terminate the deferral;

  • (c) deny the person payments of interest under subsection 5.1(2) for a prescribed period, or terminate the payments;

  • (d) deny the person repayment of a guaranteed student loan on an income-contingent basis referred to in paragraph 17(q) for a prescribed period, or terminate repayment on an income-contingent basis;

  • (e) deny the person a gratuitous payment referred to in paragraph 17(q.1); or

  • (f) require the person to immediately repay any outstanding amount of a guaranteed student loan that they obtained by reason of the false statement or misrepresentation or the false or misleading information.

• Marginal note:Outstanding student loans

  (2) If, before the day on which this section comes into force, a person knowingly made any false statement or misrepresentation, including by omission, in an application or other document or knowingly provided any false or misleading information, including by omission, in respect of a guaranteed student loan that is outstanding on that day, the Minister may take any measure set out in paragraphs (1)(a) to (f).

• Marginal note:Notice

  (3) The Minister may not take any measure under subsection (1) or (2) without having given the person 60 days’ notice of the Minister’s intention to take the measure.

• Marginal note:Submissions

  (4) The person may make submissions to the Minister in respect of the measure at any time.

• Marginal note:Rescission or modification of measure

  (5) The Minister may rescind or modify a measure taken under subsection (1) or (2) if new facts are presented or the Minister considers that the measure was taken without knowledge of some material fact or on the basis of a mistake concerning one.

• Marginal note:Limitation

  (6) The Minister may not take any measure under subsection (1) or (2) later than five years after the day on which the Minister becomes aware of the false statement or misrepresentation or the false or misleading information.