(1) A creditor must, before taking enforcement action against a farmer under a farm mortgage—
(a) give written notice to the farmer in accordance with subsection (2); and
(b) wait 21 days from the day notice referred to in paragraph (a) has been given to the farmer before taking enforcement action.
(2) A notice under subsection (1)—
(a) must state that the creditor intends to take enforcement action under the farm mortgage; and
(b) must state that, under this Act, mediation between the farmer and the creditor is available; and
(c) must state that the farmer has 21 days from the date the notice was given to request mediation with the creditor in respect of the farm debt; and
(d) may be in the form approved by the Secretary.
(3) This section does not apply to a creditor if an exemption certificate has been issued under section 16 in respect of the farm mortgage.