Islam Mohammad is Not Licensed to Conduct Mortgage Business in Ontario
TORONTO, January 12, 2021 - The Financial Services Regulatory Authority of Ontario (FSRA) is protecting consumers and ensuring public trust in Ontario’s financial services. We are warning consumers that Islam Mohammad is not licensed to conduct mortgage business in Ontario.
It has come to FSRA’s attention that Islam Mohammad may be conducting mortgage business using license number M08003806.
FSRA encourages consumers to exercise caution if they are contacted by anyone claiming to represent Islam Mohammad. Consumers are also advised not to obtain a mortgage arranged through Islam Mohammad.
FSRA licenses mortgage brokerages, brokers and agents to safeguard public confidence and trust in Ontario’s financial services. If consumers obtain a mortgage through individuals or companies not licensed by FSRA, they are not protected under the Mortgage Brokerages, Lenders and Administrators Act, 2006 and its regulations that govern Ontario's licensed mortgage brokerages, brokers and agents.
Consumers are also encouraged to check the public registry to ensure they are working with a licensed mortgage broker, agent, brokerage, or administrator.
FSRA is continuing to work with those we regulate to ensure financial safety, fairness and choice for consumers and members. Learn more www.fsrao.ca.
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