35 Lieutenant Governor in Council regulations
(a) prescribing additional ac tivities that a management body
may carry on and governing the manner in which it is to
carry on those activities;
(b) governing and restricting the activities that the Corporation
may carry on and the manner in which it is to carry on those
activities;
(c) prescribing the conditions t hat must be met by applicants to
render them eligible for a loan or guarantee from the
Corporation;
(d) prescribing the terms and conditions on which loans or
guarantees are to be given;
(e) prescribing the maximum tot al aggregate liability that the
Corporation may incur as a guarantor;
(f) prescribing the duties and obligations of a person to whom a
loan is made or for whom a loan is guaranteed during the
period that the person's indebtedness is outstanding;
(g) prescribing the security to be given to the Corporation by
applicants in consideration of a loan or guarantee;
(h) prescribing the types or c lasses of lending institutions in
respect of whose loans guarantees may be given;
(i) governing the issuing by the Corporation of insurance
policies for loans for the purpose of the provision of housing
accommodation;
(j) providing for any matter that is not provided for or is
insufficiently provided for in this Act.
(2) A regulation made under subsection (1)(j) expires on the last
day of the first session of the Legislature that commences after the
regulation is made.
(3) A person who contravenes a regulation made under this section
is guilty of an offence.
1994 cA-30.1 s35