Delivery of Documents - Mortgage Brokerage
Purpose: This bulletin explains the delivery of documents when you represent the lender.
This bulletin applies to mortgage brokerages, brokers and associates who represent a lender.
When a brokerage represents a lender and prior to the borrower agreeing to the mortgage commitment, you must give to the borrower the disclosure statement under the Fair Trading Act.
Lenders must follow the written disclosure requirements provided to the borrower according to the Fair Trading Act.
As soon as possible after funding the mortgage, the brokerage must ensure the lender and borrower receive a copy of the following documents:
- the registered mortgage
- the certificate of title for the property
- the solicitor’s report, if any
The borrower must also receive any title insurance or real property report obtained.
Real Estate Act Rules - sections 73(3), s.74