Definitions

1   In this regulation:

"Act" means the Finance Statutes Amendment Act, 2011, S.B.C. 2011, c. 29;

"affordable payment", in respect of RAP 1, means the payment calculated in accordance with section 19 (2) of the federal regulation in respect of the borrower's Canada student loan;

"federal Act" means the Canada Student Financial Assistance Act;

"federal regulation" means the Canada Student Financial Assistance Regulations;

"permanent disability" has the same meaning as in the federal regulation;

"RAP 1" means the program described in section 19 of the federal regulation under which repayment assistance is provided to a borrower in respect of the borrower's Canada student loan;

"RAP 2" means the program described in section 20 of the federal regulation under which repayment assistance is provided to a borrower who does not have a permanent disability in respect of the borrower's Canada student loan;

"RAP PD" means the program described in section 20 of the federal regulation under which repayment assistance is provided to a borrower who has a permanent disability in respect of the borrower's Canada student loan.

Criteria for purposes of section 142 (3) of Act

2   For the purposes of section 142 (3) (e) of the Act, the following additional criteria are prescribed:

(a) if the borrower is receiving assistance under RAP 1, the borrower's affordable payment is $0 and the borrower has been receiving assistance under RAP 1 for less than 54 months;

(b) the borrower is not receiving assistance under RAP 2 or RAP PD;

(c) if the borrower has submitted an instrument purporting to be the borrower's final payment on the borrower's British Columbia student loan, the instrument has been dishonoured by the financial institution on which it is drawn;

(d) the borrower's Canada student loan is not interest-free under section 7 (1) of the federal Act;

(e) the borrower's payments in respect of the borrower's Canada student loan are not deferred under section 8 of the federal Act.