21Power of Corporation where purchaser or borrower not an eligible person

21 Power of Corporation where purchaser or borrower not an eligible person

If it is proved to the satisfaction of the Corporation that at the date of the contract of sale or advance the purchaser or borrower was not an eligible person under the Act the Corporation may exercise all or any of the powers conferred upon it by section 36 of the Act to the same extent as if an instalment or money payable in respect of the contract of sale or advance had been unpaid for three calendar months next after the time appointed for the payment thereof.