Larry Zachow - Mortgage Associate Licence Suspension

Calgary, Alberta - On September 1, 2011, pursuant to s.38.1(1)(c) of the Rules made pursuant to the Real Estate Act, the Executive Director of the Real Estate Council of Alberta suspended the licence of Larry Zachow, a mortgage associate, registered with Asset Capital Mortgage Corporation operating in Edmonton. The suspension resulted from Larry Zachow’s failure to pay or make satisfactory arrangements to pay an outstanding administrative penalty.

As a result of this suspension, Larry Zachow may not deal in mortgages as a mortgage associate in Alberta at this time.

The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for regulating real estate, mortgage broker, and real estate appraisal industry professionals under Alberta’s Real Estate Act. RECA is mandated to protect consumers and to provide services that enhance and improve the industry and the business of industry members.