Canadian Agricultural Loans Act program: Report on Defaulted Loan (Schedule 3)

​You can use either the Web version or the PDF (577 KB). Please complete, print and send the form by mail or fax.

Please send to:

Canadian Agricultural Loans Act (CALA)
Financial Guarantee Programs Division
Agriculture and Agri-Food Canada (AAFC)
1341 Baseline Road, Tower 7, 7th Floor
Ottawa, Ontario K1A 0C5
Fax: 613-773-2020

Protected "B" once completed

The information you provide on this document is collected under the authority of the Canadian Agricultural Loans Act for the purpose of obtaining a loan. Personal information will be stored in Personal Information Bank AAFC PPU 165, and will be protected under the provisions of the Privacy Act. The Collection Registration Number is AGR/POL-465-02960.

Loan Registration Number (AAFC)
Details of Loan in Default

$

Last payment on account:



$

$

Note:




Instructions
  1. The Schedule 3 is to be completed and submitted to Agriculture and Agri-Food Canada 6 months from the date of default for loans other than co-operative loans that exceed the $350,000 or $500,000 limit (as the case may be). For such co-operative loans, Schedule 3 shall be completed and returned within 15 days from the date of default.
  2. A copy of the application form, promissory note, account statement, bill of sale or estimate supporting the loan purpose should accompany the default report.
  3. Care should be taken to provide the correct loan registration number (Agriculture and Agri-Food Canada No.) when preparing the default report.
  4. CALA defines the default date as the day after the day on which a payment under a loan was scheduled to have been made, but was not made.
  5. The lender must advise the CALA Administration if the loan is brought current.
  6. The lender has a maximum of 18 months from the date of default to submit a claim for loss (Schedule 4).

For additional information please refer to Section 16 of the Lender's Guidelines or Section 19 of the CALA Regulations.

Date modified: