Canadian Mortgage News

April 2000 National Archive

Mortgage News & Press Releases - April 2000

• Illegal Mortgage Broker Will Be Prosecuted
  NORTH YORK, Ontario, April 25, 2000 — One of the highest fines ($60,000) ever levied in a mortgage broker case should serve as a warning that anyone attempting to operate outside the rules by engaging in dishonest market conduct will face substantial personal and corporate fines, says Dina Palozzi, CEO and Superintendent of the Financial Services Commission of Ontario (FSCO).Glasford …