Update on Deferral of Loans
As you are aware, government has announced the deferral of principal and interest payments for the period of April-June, 2020, in order to support cash flow during this challenging time.
Consistent with that direction, these payments will be due on July 2, 2020, in order for the Municipal Finance Corporation to meet the required payment to the Province on that date. We will be sending you the monthly letters that you would normally receive, from the Corporation, with the breakdown of principal and interest payments. Please note that these amounts for April, May, and June will be withdrawn from your bank account on July 2, 2020. There will be no additional interest charged.
Thanks and stay safe.
Paul Wills, CPA, CMA
Chief Executive Officer/Treasurer
Nova Scotia Municipal Finance Corporation
P - (902)-424-4590
C - (902)-717-2025
“No gift is more precious than trust.”