Stride Lending Group Scam

TORONTO, May 5, 2017 /CNW/ - The Financial Services Commission of Ontario (FSCO) is warning consumers that an organization known as Stride Lending Group is not licensed to do mortgage business in Ontario.

Stride Lending Group appears to be soliciting mortgage business and other services through its website, http://stridelendinggroup.com/, and is using the email address info@stridelendinggroup.com. Chatham Police have issued a scam alert regarding Stride Lending Group (http://ckpolice.com/news-release-scam-alert/), and have confirmed that the business does not exist at 75 Thames Street, Chatham, Ontario.

Consumers should exercise caution if they are contacted by anyone claiming to represent Stride Lending Group or using these coordinates. Consumers should not apply for a mortgage or loans through Stride Lending Group, but instead are encouraged to contact the Canadian Anti-Fraud Centre.

It is important to note that if consumers obtain a mortgage through individuals or companies not licensed by FSCO, they are not protected under the Mortgage Brokerages, Lenders and Administrators Act and its regulations that govern Ontario's licensed brokerages, brokers and agents.

Consumers may check if a mortgage brokerage, broker or agent is licensed on FSCO's website.

Additional Information:

What to Do If You Think You are a Victim of a Scam or Fraud

SOURCE Financial Services Commission of Ontario

For further information: For media inquiries, please contact: Malon Edwards, Senior Communications Officer, Telephone: 416-590-7536, Toll free: 1-800-668-0128, ext. 7795, Fax: 416-590-7070, TTY Toll Free: 1-800-387-0584, Email: malon.edwards@fsco.gov.on.ca; Public inquiries, 1-800-668-0128, contactcentre@fsco.gov.on.ca

RELATED LINKS
www.fsco.gov.on.ca

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