An Act to amend the Interest Act (interest payable on repayment of a mortgage loan before maturity)

This bill was last introduced in the 37th Parliament, 1st Session, which ended in September 2002.


Lorne Nystrom  NDP

Introduced as a private member’s bill. (These don’t often become law.)


Not active, as of Feb. 6, 2001
(This bill did not become law.)


All sorts of information on this bill is available at LEGISinfo, provided by the Library of Parliament. You can also read the full text of the bill.

Day Of MourningStatements By Members

April 27th, 2001 / 11:10 a.m.
See context


Bev Desjarlais NDP Churchill, MB

Mr. Speaker, tomorrow, April 28, marks the 10th year Canada officially commemorates workers who have been injured or died on the job.

The National Day of Mourning was the result of a private member's bill, Bill C-223, in the name of Rod Murphy, the former MP for my riding of Churchill, and was passed by parliament in 1991.

Three Canadian workers are killed every working day. Over 800,000 injuries occur every year. The pain and suffering caused by occupational accidents and hazards in the workplace affect everyone.

On April 28 we remember: the grocery store clerk who cannot carry her baby because of repetitive strain injury; a 19 year old blinded from a mix of chemical compounds he knew nothing about; the friends and family of the 14 year old construction worker killed in Alberta; and the father of three killed in a smelter explosion in Flin Flon whose co-workers are still recovering from seeing him burn.

Today for the first time parliament will hold a moment of silence to renew our commitment to not only mourn for the dead but to fight for the living.

I want to thank you, Mr. Speaker, and all parties for agreeing to join together as a parliament in a remembrance today.

Interest ActRoutine Proceedings

February 6th, 2001 / 10:05 a.m.
See context


Lorne Nystrom NDP Regina—Qu'Appelle, SK

moved for leave to introduce Bill C-223, an act to amend the Interest Act (interest payable on repayment of a mortgage loan before maturity).

Mr. Speaker, the bill would ensure that everyone has a chance to repay a mortgage before the mortgage expires or before the maturity of that mortgage without an interest penalty, thereby putting into law what is only fair practice in financial institutions.

(Motions deemed adopted, bill read the first time and printed)