Mr. Speaker, my colleague raises an interesting point, one that the people at the committee have dealt with somewhat. I do not know if an amendment is under way to address that specifically, but I do acknowledge the possibility of a lending institution being reluctant to delve into something where it may be accused of playing favourites or giving advantage to one party over another.
The goal of the bill is to take it out of private hands so individuals or businesses cannot loan in a way that exceeds the donation limits that currently exist in the Financing Act, and also to get away from the idea that somebody's personal connections may be an advantage to he or she.
I accept the valid point that a member of the community, who has a better relationship with the bank, may have an advantage over a perfect stranger who has never had to seek out this kind of loan.
With the bill, we are only saying that it should be financial institutions, credit unions, trust companies, banks, whatever may be able to keep an accurate record of the repayment schedule and to take away the advantage that one may have of getting loans through personal connections, et cetera.
To answer my colleague's questions, I acknowledge it as a legitimate concern. I know of no amendment to that effect being contemplated. I think it is something that would have to be monitored in practice.