Update - Commitments with Multiple Components

Just a reminder about handling disclosure for deals with multiple components on a single commitment (e.g., Scotia STEP, Manulife One, etc.).

Where terms/rates are different between components, there should be multiple disclosures to reflect those differences. If the commitment contains both a mortgage component and line of credit component, then ensure that both a mortgage disclosure and LoC disclosure are completed for the appropriate portions. A new Line of Credit sample disclosure has been uploaded to the resources section of the FC Funding agent portal

If you have questions about this, including understanding what you should include for a particular deal or how to generate the appropriate documents, please reach out to compliance@fcfunding.ca.