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{
    "id": 998923,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/998923/?format=api",
    "text_counter": 272,
    "type": "speech",
    "speaker_name": "Sen. Farhiya",
    "speaker_title": "",
    "speaker": {
        "id": 13179,
        "legal_name": "Farhiya Ali Haji",
        "slug": "farhiya-ali-haji"
    },
    "content": "Madam Temporary Chairperson, I beg to move - THAT, Clause 26 of the Bill be amended by inserting the following new- clause immediately after sub-clause (2)- (2A) Where, despite the implementation of the measures specified under subsection (1), a borrower is unable to meet the contractual obligations at the expiry of the two months period owing to the impact of the pandemic on that borrower- (a) the borrower and the lending financial institution shall review and may extend the terms of the arrangement entered into under subsection (1)(a) for further period as shall be necessary as to enable the borrower meet the contractual obligations; and (b) the provisions of subsection (1) shall continue to apply for the duration of the arrangement entered into under paragraph (a)."
}