Quebec, the May 15th 1998
Permanent code: LACS20065707 RVC555 Mister, You will find enclosed the statement of your account, who show a balance of 1078.44 $ in what it concern your too much accepted grant, By this present, we fond to inform you of important changes concerning the repayment of this debt: . The annual interest rates will pass to 5 % to 9,625 % to start of July 1st; . A new method of reimbursement will enter in force INTEREST RATES The interest rates that the minister of the Education will applicant, the July 1st 1998 to April 30th 1999, on all balance on all too much accepted grant will be at 9,625 %. More a too much accepted grant when a person will have made an untrue declaration will carry an interest rate of 11,625 %. Those rates will go in force for all the accepted grant in too much received, including the ones who had been before the attribution years 1998-1999. The will be by the matter be revised each year. METHOD OF REIMBURSEMENT Also a modification had been brought to the article 43 of the law on Schools financial help relatively on the reimbursement of too much accepted grant. This modification will permit to the Ministry to directly deduct of all financial help to emit, The received amount without have the right on it the person who own those amount to the ministry will be permit to see is grant or is loan diminished of those amounts We invite you to proceed as now to the reimbursement of your loan by dispatching your payment to the order of the Minister of Finances, to the below mention address. Wish you to agreed, the expression of ours best feelings. 0508OP-970416 VENTILATION OF THE BALANCE TO PAY 1 8.000 7315.00$ 1364.39$ 4 5.000 950.00$ 128.44$ TO OBTAIN OTHERS INFORMATION, DIAL AT 418-646-5190.
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