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Crofters (Scotland) Act 1993

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[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.]

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