APRVD* Disclosure Statement / FSRA Regulations

IMPORTANT NOTICE: The "APRVD" designation in our brand "Get [your mortgage] APRVD" does NOT guarantee mortgage approval, rate approval, or any specific lending outcome.

What "APRVD" Means

The "APRVD" abbreviation represents the mortgage process stages:

• Assessment of your financial situation

• Pre-approval application processing

• Rate evaluation and comparison

• Verification of documentation

• Disclosure of all terms and conditions

Legal Compliance Notice

This disclosure is provided in accordance with Ontario's mortgage brokering regulations. Under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA) and Ontario Regulation 191/08, mortgage brokerages are prohibited from making false, misleading, or deceptive statements in advertising.

No Guarantee of Approval

• No mortgage approval is guaranteed until you receive formal written commitment from a lender

• Pre-approval does not constitute a binding commitment from any lender

• All mortgage applications are subject to lender underwriting requirements, property appraisal, and final approval conditions

• Your ability to obtain a mortgage depends on factors including but not limited to: credit score, income verification, debt-to-income ratio, employment history, and property value

Regulatory Compliance

Our mortgage brokerage operates under license from the Financial Services Regulatory Authority of Ontario (FSRA). We are required to:

• Provide accurate disclosure of all costs of borrowing per O. Reg. 191/08

• Ensure all advertising complies with sections 18-20 of O. Reg. 191/08

• Maintain honest and transparent business practices per sections 43-45 of the MBLAA

Penalties for Non-Compliance

Under the MBLAA, providing false or misleading information is an offence punishable by:

• For individuals: fines up to $500,000 and/or imprisonment up to one year

• For corporations: fines up to $1,000,000

• Additional compensation orders may be imposed

Consumer Protection

If you believe we have not complied with applicable regulations, you may file a complaint with

• FSRA Contact Centre: 1-800-668-0128

• Email: contactcentre@fsrao.ca

• Address: 25 Sheppard Avenue West, Suite 100, Toronto, ON M2N 6S6

Legal References

This disclosure references the following Ontario legislation:

• Mortgage Brokerages, Lenders and Administrators Act, 2006

• Ontario Regulation 191/08: Cost of Borrowing and Disclosure to Borrowers

• Ontario Regulation 188/08: Mortgage Brokerages: Standards of Practice

Additional Resources

For more information about mortgage regulations and consumer rights:

• FSRA Mortgage Brokering Information

• FSRA Industry Compliance Resources

Last Updated: 11-Jul-2025
Licensed Mortgage Brokerage: BRX Mortgage Inc. Lic#13463
FSRA License Number: 17001620

This disclosure must be prominently displayed and easily accessible to consumers in accordance with FSRA advertising requirements.