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Crofting Reform etc. Act 2007

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This is the original version (as it was originally enacted).

32Regulations concerning loans

This section has no associated Explanatory Notes

After section 46 of the 1993 Act, there is inserted—

46ARegulations concerning loans

(1)The Scottish Ministers may in accordance with regulations made by them under subsection (2) below provide loans to—

(a)crofters;

(b)cottars;

(c)owners of holdings to which section 46(2) of this Act applies.

(2)Regulations under this subsection may make provision as to—

(a)who is to be eligible for a loan;

(b)the amount which may be lent;

(c)the circumstances under which, and the purposes for which, a loan may be provided;

(d)the terms and conditions applicable to any loan;

(e)arrangements for recording documents in connection with a loan in the Register of Crofts, the Land Register of Scotland or the Register of Sasines;

(f)arrangements for recovery of any loan (whether or not in its entirety) when the borrower dies;

(g)arrangements for assignation of the borrower’s liabilities in consequence of the borrower dying or no longer occupying the holding in respect of which the loan was provided..

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