What is the current state of the law on mortgage fraud?
Ontario, Canada
The following excerpt is from Law Society of Upper Canada v. Nguyen, 2016 ONLSTA 9 (CanLII):
The relevant principles are now well-established in our jurisprudence. Mortgage fraud typically occurs when individuals intentionally borrow money under false pretenses. Fraud occurs when there is dishonesty about the underlying material facts of a transaction: see Law Society of Upper Canada v. Nguyen, 2014 ONLSTA 32 (CanLII) (“Nguyen”) at para. 8.
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