Bank Foreclosure – Customer Rights; CMHC Guarantee – Negligence #114

BC Real Estate Association logo with the words "legally speaking" printed below

By Gerry Neely B.A. LL.B Financial institutions often demonstrate a casual if not contemptuous disregard for requests for pay-out statements or delivery of an executed discharge of a mortgage. While they are quick to demand payment where default occurs, or interest if payment is delayed, they are not as quick to provide statements or discharges.