The Ontario government is proposing legislation that could save homeowners, who say they’ve been victimized by questionable liens on their homes, by retroactively banning the use of the tool.
The legislation will be introduced sometime between now and June 13, according to Public and Business Service Delivery Minister Todd McCarthy.
It will retroactively ban notices of security interest (NOSIs), he said.
WATCH | The elaborate scheme putting seniors at risk of losing their homes: Housing Heist: Seniors Scammed out of their Homes11 months ago
Duration 22:30
We reveal seniors at risk of losing their homes after they say they were tricked into high-interest mortgages they
