Protection of Residential Mortgage or Hypothecary Insurance Act

Marginal note:Obligation to retain information, books and records

• 15 (1) An approved mortgage insurer must keep and retain books and records and retain information in respect of its business that are relevant for the purposes of this Act or that are prescribed.

• Marginal note:Obligation to provide information or copies

  (2) At the request of the Minister or the Superintendent, an approved mortgage insurer must, without delay, provide the requester with any information or copies of any books or records that the approved mortgage insurer is required to retain.

• Marginal note:Disclosure of information

  (3) The Minister and the Superintendent may disclose to each other any information or copies of any books or records received under subsection (2) and may also disclose them to the Governor of the Bank of Canada, the Chief Executive Officer of the Canada Deposit Insurance Corporation and the Commissioner of the Financial Consumer Agency of Canada.

• Marginal note:Disclosure of conditions and undertakings

  (4) The Minister may disclose to the Superintendent any conditions imposed by the Minister and any undertakings required by him or her under this Act.

• Marginal note:Public information

  (5) An approved mortgage insurer must make available to the public prescribed books, records and information.