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"speaker_name": "Sen. Sakaja",
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"legal_name": "Johnson Arthur Sakaja",
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"content": "into prior to the declaration of a pandemic” immediately after the words “of obligations”; (c) by inserting the following new subclauses immediately after the new subclause (1)- (2) The Cabinet Secretary responsible for matters relating to finance shall- (a) in consultation with the association representing the largest number of lending institutions, prescribe an eligibility criterion for a moratorium under subsection (1); and (b) prescribe the criteria to be applied by a lending financial institution in determining the period for which the moratorium will apply with respect to its borrowers. (3) A statutory agency shall not charge fees, interest or penalties for late payment or failure by a person to meet their obligations under a contract during the pandemic period . This is after extensive consultation with more than 160 stakeholders. I thank you."
}