(1)  A Creditor under a farm mortgage may give a farmer who is in default under the farm mortgage a notice inviting the farmer to participate in mediation in respect of the farm debt concerned.

(2)  A notice inviting mediation under subsection (1)  –

(a) is to be in an approved form; and

(b) must specify that a failure by the farmer to respond to the notice, within the period specified in subsection (3) , may constitute a ground for the grant of an exemption certificate.

(3)  A farmer must respond, in an approved form, to a notice inviting mediation within 20 business days after receiving the notice.