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)