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Mortgage Broker News | 22 Apr 2013, 12:00 AM Agree 0
FSCO is vowing to crack down on brokerages not following the rules and in the coming months will start with the mandatory policy and procedures manual.
  • Mike | 22 Apr 2013, 08:28 AM Agree 0
    “Failure to comply with this requirement can result in penalties of up to $1,000" - not enough.
  • Peter Dale | 22 Apr 2013, 09:04 AM Agree 0
    It would be interesting to know how many of this ever-growing number of regulators has ever brokered a mortgage; that is, really knows what they are talking about.
  • John Dearin | 22 Apr 2013, 11:39 AM Agree 0
    Wonder what they will not be doing with the banks.
  • Calum Ross | 06 May 2013, 03:14 PM Agree 0
    The more FSCO raises the penalties and the enforcement of compliance the better for all the people that play by the rules. I applaud the FSCO effort and look forward to some industry cleansing.
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