Who regulates the REDX Service?
The REDX Service operates under Ontario and Federal laws. It is a commercial (not consumer) database service. The public information referenced in the REDX Service is indexed after it is made public by the regulatory source. The non-public reporting mechanism and policies are facilitated, in part, by TSI’s designation as an Investigative Body pursuant to the federal Personal Information Protection and Electronic Documents Act (PIPEDA). In addition, the REDX Service’s policies and procedures are reviewed by an industry board consisting of representatives from major lenders and insurers.
