sec.14Notice inviting request for mediation

sec.14 Notice inviting request for mediation

If a mortgagee intends to take enforcement action under a farm mortgage, the mortgagee must— serve a notice inviting a request for mediation on the farmer; and give a copy of the notice to the authority. An notice inviting a request for mediation is a notice, in the approved form, that— states the name of the farmer and the mortgagee; and identifies the farm property; and states the enforcement action the mortgagee intends to take; and states that the farmer may ask for mediation for the farm business debt; and states how, and the day by which, the farmer must ask for mediation; and states that, if the farmer does not ask for mediation by the stated day, the mortgagee may consider the farmer has declined mediation and may apply for an exemption certificate to allow the mortgagee to proceed with enforcement action. For subsection (2) (e) , the day by which the farmer must ask for mediation must be no less than 20 business days after the day the notice is served on the farmer. The notice inviting a request for mediation served on the farmer must be accompanied by a copy of the mediation information package. s 14 amd 2024 No. 17 s 131 (sec.14-ssec.1) If a mortgagee intends to take enforcement action under a farm mortgage, the mortgagee must— serve a notice inviting a request for mediation on the farmer; and give a copy of the notice to the authority. (sec.14-ssec.2) An notice inviting a request for mediation is a notice, in the approved form, that— states the name of the farmer and the mortgagee; and identifies the farm property; and states the enforcement action the mortgagee intends to take; and states that the farmer may ask for mediation for the farm business debt; and states how, and the day by which, the farmer must ask for mediation; and states that, if the farmer does not ask for mediation by the stated day, the mortgagee may consider the farmer has declined mediation and may apply for an exemption certificate to allow the mortgagee to proceed with enforcement action. (sec.14-ssec.3) For subsection (2) (e) , the day by which the farmer must ask for mediation must be no less than 20 business days after the day the notice is served on the farmer. (sec.14-ssec.4) The notice inviting a request for mediation served on the farmer must be accompanied by a copy of the mediation information package.

• (a) serve a notice inviting a request for mediation on the farmer; and
• (b) give a copy of the notice to the authority.
• (a) states the name of the farmer and the mortgagee; and
• (b) identifies the farm property; and
• (c) states the enforcement action the mortgagee intends to take; and
• (d) states that the farmer may ask for mediation for the farm business debt; and
• (e) states how, and the day by which, the farmer must ask for mediation; and