Form 5 Lender Information Statements Under the BC Mortgage Services Act
Under the Mortgage Services Act and the Mortgage Services Rules, the obligation to provide a lender information statement is triggered by the mortgage transaction being arranged—not by whether the lender is represented by the licensee. Where a licensee arranges a mortgage in which another person will be the mortgagee, the licensee must provide the required […]
Form 5 Lender Information Statements Under the BC Mortgage Services Act
Under the Mortgage Services Act and the Mortgage Services Rules, the obligation to provide a lender information statement is triggered by the mortgage transaction being arranged—not by whether the lender is represented by the licensee. Where a licensee arranges a mortgage in which another person will be the mortgagee, the licensee must provide the required […]