moved for leave to introduce Bill C-273, an Act to amend the Interest Act.
Mr. Speaker, I welcome this opportunity to introduce a private members' bill whose purpose is to reduce the fees or penalties for renegotiating a mortgage for a period of less than five years. There was considerable debate on the subject in 1983, just after the recession in the early eighties. I therefore table this bill.
(Motions deemed adopted, bill read the first time and printed.)