moved for leave to introduce Bill C-350, an act to amend the National Housing Act.
Mr. Speaker, I received a phone call from a constituent asking why he and his family were forced from their rented house when their rent payments were all paid on time and the full amount was remitted.
When I investigated his complaint it was discovered that no warning was given to the constituent that the owner of the building was facing foreclosure and that current legislation requires vacant possession of the building before the lending institution can be paid.
This bill will amend the National Housing Act to allow a lending institution full redress without having to evict current tenants and the tenants will receive notice from the lending institution that it is proceeding with foreclosure on the building owner.
I trust the House will support this measure. It may allow Canadians the opportunity to remain in their homes and at least give them ample time to relocate.
(Motions deemed adopted, bill read the first time and printed.)