Canada Student Loans Act

Marginal note:Severe permanent disability

• 13 (1) If the Minister is satisfied, on the basis of prescribed information provided by or on behalf of a borrower, that the borrower, by reason of severe permanent disability, is unable to repay a guaranteed student loan and will never be able to repay it, all rights of any lender against the borrower in respect of that guaranteed student loan terminate, and the Minister shall pay to any lender whose rights against a borrower are terminated under this section the amount of principal and interest determined in the prescribed manner to have been payable by the borrower at the time the borrower provided the Minister with the information required under this section.

• Meaning of severe permanent disability

  (2) The Governor in Council may make regulations defining the expression severe permanent disability for the purposes of subsection (1).