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fsco

Question tag: fsco 25 Questions

0 Votes 1 Ans

Does FSCO require a standard cost of borrowing disclosure form, or is my Mortgage Brokerage responsible for developing its own form?

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0 Votes 1 Ans

How do I notify FSCO of a Mortgage Broker or Agent who is not suitable for licensing?

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0 Votes 1 Ans

Can I ask FSCO to review my Mortgage Brokerage’s policies and procedures manual?

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0 Votes 1 Ans

Does FSCO have sample text or forms for disclosures (e.g. disclosure of fees or conflicts of interest)?

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0 Votes 1 Ans

I’m an employee of a bank and a member of a bank pension plan. Is my plan regulated by FSCO and subject to the Ontario Pension Benefits Act?

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0 Votes 1 Ans

Does FSCO have an application or document that Mortgage Brokerages can use to determine if they have provided all necessary disclosure requirements?

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0 Votes 1 Ans

I don’t live in Toronto but as per FSCO’s requirements the five day MBP 200 subject is only offered at Seneca. Where can I stay while I’m in the city?

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0 Votes 1 Ans

Are FSCO’s webinar presentations available in print format?

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0 Votes 1 Ans

Why didn’t FSCO contact me before suspending my mortgage brokerage’s licence?

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0 Votes 1 Ans

Does FSCO post information on its enforcement activities online?

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0 Votes 1 Ans

FSCO claims my mortgage brokerage does not have errors and omissions insurance. What evidence does FSCO have to support this claim?

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0 Votes 1 Ans

If my mortgage brokerage surrenders its licence, will FSCO cancel the administrative monetary penalty?

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0 Votes 1 Ans

Does FSCO have a standard form or sample wording for disclosing risks for typical residential mortgages?

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0 Votes 1 Ans

Does FSCO have a standard form for disclosing the cost of borrowing?

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0 Votes 1 Ans

Does FSCO have any disclosure forms other than the Statement of Mortgage Form?

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0 Votes 1 Ans

In the webinar presentation, FSCO says “the industry” is creating a new disclosure form. Who is “the industry”?

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0 Votes 1 Ans

How will FSCO enforce the disclosure and suitability of risks for large Mortgage Brokerages who are owned by, or associated with banks?

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0 Votes 1 Ans

What is FSCO’s screening process for Mortgage Agents?

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0 Votes 1 Ans

Why does FSCO impose administrative monetary penalties?

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0 Votes 1 Ans

How can I ensure that my promotional materials and/or advertising program will not result in a consumer making a complaint to FSCO?

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