Amendment status not verified — confirm the current text below against the official source.
P*WEL OC LF REPAY E T BEFORE AQBEED PER1Qp: - Notwithstanding any agreement to the contrary, the Board may, by notice require any person to whom a loan has been advanced under this Act to repay forthwith in full with interest thereon any such loan. It' it appears to the Board that fthe or incorrect infoanation in any material- particeins has been ziven hy the rt.1:A.:ii Cie Vol: (h) If the person has failed to comply with airy terms of the :Arriet with the 1E:toard in respect of the loan; cl" (c) If in the opinion of the Board there is a reasonable apprehension that the person is unable to pay his debt or that insolvency proceedings or proceedings for liquidation are to be started against him; or. (d) lf it is necessary in the opinion of the Board .for any other reason to protect the interests of the Board.