FBC GROUP is not licensed to operate a mortgage business in Ontario.

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TORONTO, June 29, 2021 / CNW / – Financial Services Regulatory Authority Ontario (FSRA) warns consumers that FBC GROUP is operating from Block 223, 1325 Eglinton Ave E, Mississauga, Ontario, L4W4L9 is not licensed to conduct mortgage business in Ontario

FSRA logo (CNW Group / Ontario Financial Services Regulatory Authority)

FSRA logo (CNW Group / Ontario Financial Services Regulatory Authority)

Consumers reported that after paying a funding fee, the FBC Group did not contact them. The FSRA urges consumers to exercise caution when contacted by a company or anyone claiming to represent the FBC GROUP. Consumers are also advised not to take out mortgages through the FBC GROUP.

FSRA drew attention to the fact that the FBC Group is conducting a mortgage business without a valid license through http://www.fbcgroup.ca/… Also, the phone numbers (905) -629-3737 and 1-877-318-1537 listed on the website appear to be for other unrelated companies.

FSRA licenses mortgage brokers, brokers and agents to protect public confidence and trust in them. Ontario Financial services. If consumers receive mortgages through individuals or companies not licensed by the FSRA, they are not protected Mortgage Brokers, Lenders and Administrators Act 2006 and its rules that govern Ontario licensed mortgage brokers, brokers and agents.

Consumers are also encouraged to check public register to make sure they are working with a licensed mortgage broker, agent, broker or administrator.

FSRA continues to work with those we regulate to ensure financial security, fairness, and choice for consumers and members. Learn more www.fsrao.ca

SOURCE Financial Services Regulatory Authority Ontario

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View original content for media downloads: http://www.newswire.ca/en/releases/archive/June2021/29/c2071.html

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