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, 3rd Session, which ended in May 2004.

This bill was previously introduced in the 37th Parliament, 2nd Session.

Sponsor

Lorne Nystrom  NDP

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

Status

Not active, as of Oct. 28, 2002
(This bill did not become law.)

Elsewhere

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.

Interest ActRoutine Proceedings

October 28th, 2002 / 3:15 p.m.
See context

NDP

Lorne Nystrom NDP Regina—Qu'Appelle, SK

moved for leave to introduce Bill C-268, an act to amend the Interest Act (interest payable on repayment of a mortgage loan before maturity).

Mr. Speaker, this is simply an enactment to amend the Interest Act. It would help consumers in terms of the loans and the mortgages they have in this country if they want to repay the loan or mortgage before maturity. It is a very common sense bill.

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