What borrower disclosure requirements must be provided on July 1, 2008?
There are no new cost of borrowing disclosure requirements coming into effect on July 1, 2008. Businesses/individuals should continue to provide disclosure by completing the information that is requested in the Statement of Mortgage Form. On January 1, 2009, a new cost of borrowing regulation and additional disclosure requirements will go into effect. FSCO will provide information on these new requirements later this year.
Related Questions
- 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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