Section 6: Limits of liability of the Fund in respect of guarantees

(1) The maximum liability of the Fund in respect of any guarantee given pursuant to this Act shall not exceed seventy-five per cent of the specified loan, being-
(a) in the case of a loan granted to any individual, any sum up to but not exceeding #100,000; and
(b) in the case of a loan granted to a co-operative society or a corporate body, any sum up to but not exceeding #1,000,000.
(2) For the purposes of this section, loan means the principal loan and the interest thereon.