Who does the 50 per cent disclosure rule relate to?
Upon request, a Mortgage Brokerage is required to disclose whether the Brokerage itself was the lender for more than 50 per cent of the total number of mortgages and mortgage renewals completed during the previous fiscal year. The Mortgage Brokerage is also required to disclose upon request, the name of the lender, if any, with whom the Brokerage arranged more than 50 per cent of the total number of mortgages and mortgage renewals during the previous fiscal year.
