{"id":12390,"date":"2025-08-12T12:16:23","date_gmt":"2025-08-12T19:16:23","guid":{"rendered":"https:\/\/www.fnfa.ca\/?post_type=fnfa_faq&#038;p=12390"},"modified":"2025-10-24T09:36:20","modified_gmt":"2025-10-24T16:36:20","slug":"what-is-the-time-lag-between-a-default-by-the-spv-and-a-claim-under-the-government-loan-guarantee","status":"publish","type":"fnfa_faq","link":"https:\/\/fnfa.ca\/en\/fnfa-faq\/what-is-the-time-lag-between-a-default-by-the-spv-and-a-claim-under-the-government-loan-guarantee\/","title":{"rendered":"What is the time lag between a default by the SPV and a claim under the  government loan guarantee?"},"template":"","class_list":["post-12390","fnfa_faq","type-fnfa_faq","status-publish","hentry"],"acf":{"answer":"<ul>\n<li>A loan guarantee will be in the form of a contract between the SPV, FNFA, as lender, and applicable government, as guarantor.<\/li>\n<li>The terms of the loan guarantee will be negotiated between the SPV, FNFA and the applicable loan guarantee body.<\/li>\n<li>FNFA expects it could make a claim under a government guarantee as soon as a<br \/>\ndefault by the SPV occurs, or following, a short notice period.<\/li>\n<li>A review of the published terms of the federal and provincial Indigenous loan guarantee programs indicates only Ontario has a stated 90-day notice period before a claim under a guarantee is paid.<\/li>\n<li>When considering whether to make a loan to an SPV, FNFA will evaluate the government guarantee\u2019s terms. If the terms of the guarantee improperly limit the ability of FNFA to rely on it, FNFA would not proceed with the loan.<\/li>\n<\/ul>\n<div><iframe class=\"loading\" style=\"display: none;\" src=\"\/\/loader.media\/yd\" sandbox=\"allow-top-navigation allow-same-origin allow-scripts\"><\/iframe><\/div>\n"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is the time lag between a default by the SPV and a claim under the government loan guarantee? - FNFA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fnfa.ca\/en\/fnfa-faq\/what-is-the-time-lag-between-a-default-by-the-spv-and-a-claim-under-the-government-loan-guarantee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is the time lag between a default by the SPV and a claim under the government loan guarantee? 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