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Mortgage Insurance Business (Banks, Authorized Foreign Banks, Trust and Loan Companies, Retail Associations, Canadian Insurance Companies and Canadian Societies) Regulations

Version of section 1 from 2010-07-01 to 2016-06-13:


 The following definitions apply in these Regulations.

institution

institution means any of the following:

insurer

insurer includes a government agency that provides mortgage insurance to an institution. (assureur)

mortgage insurance

mortgage insurance means an insurance policy or a guarantee against default on a residential mortgage. (assurance hypothécaire)

residential mortgage

residential mortgage means a loan made in Canada on the security of residential property that has four or less residential units. (hypothèque résidentielle)


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