Is a lender requiring that you take out insurance before entering into the contract? You are not required to take this insurance with that lender.

You may always satisfy this condition with insurance you already hold, or shop for insurance elsewhere. The lender must clearly indicate this obligation in the contract with this clause.

Last update : September 23, 2021

Was the information on this page useful to you?

Didn’t find the answers to your questions?

If you have a question for the Office or would like to file a complaint, please call us or use our information request form.

Do you have a comment or a problem to report?

Please note that you will not receive a reply. Do not enter any personal information.

The information contained on this page is presented in simple terms to make it easier to understand. It does not replace the texts of the laws and regulations.