Farm Debt Mediation Act

Marginal note:Notice by secured creditors

• 21 (1) Every secured creditor who intends to

  • (a) enforce any remedy against the property of a farmer, or

  • (b) commence any proceedings or any action, execution or other proceedings, judicial or extra-judicial, for the recovery of a debt, the realization of any security or the taking of any property of a farmer

  shall give the farmer written notice of the creditor’s intention to do so, and in the notice shall advise the farmer of the right to make an application under section 5.

• Marginal note:Time of notice

  (2) The notice must be given to the farmer and to an administrator, in the form established by the Minister and in accordance with the regulations, at least 15 business days before the doing of any act described in paragraph (1)(a) or (b).