Warning Notice - Unlicensed Mortgage Brokering Activity
Shrover Dhillon and D Consulting Group are not licensed to do mortgage brokering business in Ontario
TORONTO, March 6, 2014 /CNW/ - The Financial Services Commission of Ontario (FSCO) is warning consumers that Shrover (Sam) Dhillon and his firm D Consulting Group are not licensed to do mortgage brokering business in Ontario.
This firm has also placed ads on Kijiji. The ads ask consumers to contact the following email address, phone numbers, or fax number:
Phone number: 905-494-1400
Mobile number: 647-526-5000
Consumers should exercise caution if they are contacted by anyone with this contact information, or matching this description.
If consumers arrange a mortgage from a mortgage brokerage, broker or agent that is not licensed in the province, they are not protected under the Mortgage Brokerages, Lenders and Administrators Act, 2006, which holds Ontario's mortgage brokerages, administrators, brokers and agents to specific standards.
FSCO's website contains a list of all mortgage brokerages, administrators, brokers and agents licensed to do business in Ontario as well as tips on shopping around for a mortgage.
A licensed Ontario mortgage brokerage, administrator, broker or agent can provide information and advice on the risks involved in borrowing, lending or investing for different mortgage products.
SOURCE Financial Services Commission of OntarioFor further information: