April 10, 2012
Cretus Capital Inc. is not licensed to do mortgage brokering business in Ontario
The Financial Services Commission of Ontario (FSCO) is warning consumers that Cretus Capital Inc. (www.findthedollars.com) is not licensed to do mortgage brokering business in Ontario.
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.
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.