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Do Mortgage Administrators need to meet any new business requirements on July 1, 2008?

April 26, 2017administrators Business july 1 2008 meet mortgage requirements

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Do Mortgage Administrators need to meet any new business requirements on July 1, 2008?

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Starting July 1, 2008, each Mortgage Administrator is required to: • Maintain errors and omissions insurance which includes coverage for fraud; • Provide a written response to a written complaint, and advise individuals/businesses that they may refer their complaints to FSCO; and • Provide its name and licence number upon request, to anyone who asks for it.