CmB magazine cmba-achc.ca spring 2017 | 5
inside
VO LU M E 2 I S S U E 2 S P R I N G 2 0 1 7
50 Promises Can Lead to Insecurity
Promissory notes may seem like a simple way to close a deal,
but they could put you on the wrong side of the regulators
By Ray Basi
52 Satisfaction Not Guaranteed
ree criteria for enforcing a guarantee
By Ray Basi
54 Reaching Higher
New Brunswick's recent regulatory changes have elevated
professionalism in the mortgage industry – otherwise, it's
business as usual
By Lisa Gordon
58 False Sense of (Cyber) Security
Even if you outsource data storage, the responsibility
for safeguarding clients' info remains in-house
By Derrick Leue
16 Broker's Choice
Congratulations to the CMBA-BC's 2016 Award Winners
18 A Heroic Effort
With a superhero theme and two real-life heroes as keynote
speakers, the 2017 CMBA-BC Conference and Trade Show was
a smashing success
21 Yesterday's News
Relying on an out-of-date valuation can open you up to a costly
court battle
By Ray Basi
22 Problems with Excessive Trust
A lender's most trusted lawyer may not be available for foreclosure
By Ray Basi
34 Safety in Numbers
Keeping your funding ratios high leads to plenty of perks and
fewer pitfalls
By Camilo Rodriguez
38 Financial Consumer Agency of Canada
Publishes New Supervision Framework
By Dawn Jetten & Nicole McDonald
42 e Flight Risk
Buying from a non-resident seller can be surprisingly costly
By Ray Basi
47 A Growing Concern
e Canadian government has been loosening restrictions
on marijuana, but brokers looking to finance current or former
grow ops remain very much in the weeds
By Samantha Gale and Jacqueline Shinfield, Alexis Levine &
Nicole McDonald
One Size Doesn't Fit All
Changes in federal mortgage regulations designed to help cool the runaway housing markets in Toronto and
Vancouver are a wet blanket over the rest of the country
By Lisa Gordon
28
features
departments
8 Editorial Summary
10 Events Calendar
12 Letters to the Editor: Views on current topics
60 CMBA Member Announcements
62 Advertisers Index
columns
24 Legal Ease
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