Marginal note:No accrual of interest
8 (1) Beginning on April 1, 2023, no interest is payable by a borrower on an apprentice loan.
Marginal note:Clarification
(1.1) For greater certainty, nothing in this section relieves a borrower from liability for interest that accrued before April 1, 2023 on an apprentice loan.
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.
- 2014, c. 20, s. 483 “8”
- 2022, c. 19, s. 164
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