He or she owes the interest that was charged for the interest-bearing portion over that same time period, and then from the day of default to the day they pay the full balance, it's prime plus 1.5%.
November 25th, 2010 / 9:45 a.m.
Director General, Finance and Renewal Programs Directorate, Farm Financial Programs Branch, Department of Agriculture and Agri-Food
He or she owes the interest that was charged for the interest-bearing portion over that same time period, and then from the day of default to the day they pay the full balance, it's prime plus 1.5%.
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