Ontario Mortgage Agent Practice Exam

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Can a Mortgage Agent provide a copy of a client's credit report to the client?

  1. Yes, under certain circumstances

  2. No, only lenders can provide credit reports

  3. No, a Borrower must contact the Credit Bureau directly

  4. Yes, but with written consent from the lender

The correct answer is: No, a Borrower must contact the Credit Bureau directly

A Mortgage Agent is not authorized to provide a copy of a client's credit report as they are not the source of the information. Only the Credit Bureau or lenders have access to a person's credit report. In some cases, a Mortgage Agent may be able to request a copy of the credit report on behalf of the client, but it must come from the Credit Bureau directly. It is important for clients to be cautious about sharing this sensitive information and to go through the appropriate channels to obtain their credit report.

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