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.