[F146ARegulations concerning loansS
(1)The Scottish Ministers may in accordance with regulations made by them under subsection (2) below provide loans to—
(a)crofters;
(b)cottars;
[F2(ba)owner-occupier crofters;]
(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.]
Textual Amendments
F1S. 46A inserted (25.6.2007) by Crofting Reform etc. Act 2007 (asp 7), ss. 32, 43(3) (with ss. 40, 43(2)); S.S.I. 2007/269, art. 2, sch.
F2S. 46A(1)(ba) inserted (22.12.2010) by Crofting Reform (Scotland) Act 2010 (asp 14), s. 57(2), sch. 4 para. 3(28) (with s. 57(4)); S.S.I. 2010/437, art. 3, sch. (with art. 4)