Warning Notice - Unlicensed Mortgage Brokering Activity

S.S.F Consultants is not licensed to practice mortgage brokering in Ontario

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

This company has been soliciting mortgage business from the public, dealing, trading and lending in mortgages, through their website, http://ssfconsultants.ca/.

S.S.F Consultants provides the following address and contact information on its website:

3250 Bloor Street West, 6^th Floor
Toronto, Ontario
M8X 2X9

Phone: 416-514-0803

Email: [email protected]

Consumers should exercise caution if they are contacted by anyone from these coordinates.

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, http://www.e-laws.gov.on.ca/html/statutes/english/elaws_statutes_90i08_e.htm 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. 

ADDITIONAL INFORMATION

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

SOURCE Financial Services Commission of Ontario

Related Links

www.fsco.gov.on.ca