Mortgage Broker

Summer 2014

Mortgage Broker is the magazine of the Canadian Mortgage Brokers Association and showcases the multi-billion dollar mortgage-broking industry to all levels of government, associated organizations and other interested individuals.

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MORTGAGEBROKER mbabc.ca summer 2014 | 43 legalease Reduced non-spam CEMs e complexity of CASL coupled with the broad definitions of CEMs, the narrow exclusions and exceptions, the onerous consent provisions, the costly compliance requirements, and the disproportionately high penalties lead to the logical conclusion that some businesses will simply avoid sending CEMs because it simply is not worth the risk. In effect, CASL at best may reduce spam (if perhaps not the truly harmful spam) but it will also greatly reduce non-spam CEMs. is will hurt business across the board. Cost of bureaucracy us far we have focused on the cost to senders and receivers of CEMs. e administration of CASL is assigned to existing government bodies but those bodies will need more resources (including staff and funds). We will all pay for those resources through our taxes. If our taxes are to be used to assist in reducing spam, CASL is not the appropriate tool on which to expend our hard earned money. We need an effort that in fact targets spam. Lack of empirical evidence ere is little evidence to suggest the effort put forward in CASL will be successful. Anecdotally it is of interest that the United States has had its anti-spam legislation in place since 2003 and is still considered to be the world's most prolific spam-producing nation. Future changes to CASL will be difficult Generally statutes set out principles and broad schemes, regulations provide further details, and regulatory rules set out operational details. is structure is useful because rules are much quicker and easier to change than are regulations which are much quicker and easier to change than is legislation. Both CASL and its regulations are overly detailed and contain considerable information one would expect to find in rules. is means adaption for new technology, new issues, or unanticipated results will be far more difficult than should be necessary. Conclusion No one expects a law to be both 100 per cent effective and have no negative impacts. Unfortunately CASL will not be reasonably successful in reducing true spam, will be very effective in reducing CEMs (many of which are desirable as they benefit the public), and is an ill-conceived burden on the public purse. We can look forward to a world of more mosquitos and fewer bees, butterflies and birds than we would like. To top it off, once we realize the error of CASL's ways, the necessary changes will be neither quick nor easy to implement. Perhaps the world of quill and paper was not so bad aer all. •

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