Warning Notice - Unlicensed Mortgage Brokering Activity

TORONTO, July 28, 2015 /CNW/ - The Financial Services Commission of Ontario (FSCO) is warning consumers that 2mortgage.ca is not licensed to do mortgage brokering business in Ontario.

This company appears to be soliciting mortgage business from the public, dealing, trading and lending in mortgages, through their website, http://2mortgage.ca.

2mortgage.ca displays the phone number (647) 893-5097 on its website.

Consumers should exercise caution if they are contacted by anyone from 2mortgage.ca or using this phone number.

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. 


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

SOURCE Financial Services Commission of Ontario

For further information: Media inquiries: Malon Edwards, Phone: 416-590-7536, Email: Malon.Edwards@fsco.gov.on.ca; Public inquiries: 1-800-668-0128, contactcentre@fsco.gov.on.ca


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