Another good question: Kang calls for crackdown on mortgage fraud
The spring sitting of the Alberta Legislature was originally scheduled to last until June, but the Tories pulled the plug in April – months early. While Tories are working the barbecue circuit, we’re still following the issues. If the Legislature were still in session this week, as it should have been, this is a set of questions that Calgary-McCall MLA and Service Alberta Critic Darshan Kang would have asked:
Mortgage fraud is a serious crime that can leave its victims on the verge of financial ruin. The Official Opposition has been raising concerns about mortgage fraud for over five years. Recently, the Auditor General also identified problems in the land titles registry that could allow mortgage fraud to occur. And now, with the Bank of Montreal launching the largest mortgage fraud lawsuit in Canadian history in Alberta, people have had enough of this government’s failure to address Alberta’s vulnerability to fraudsters.
To Service Alberta Minister Heather Klimchuk:
1. Why is the Minister doing nothing to improve Alberta’s reputation as the mortgage fraud capital of Canada?
2. The government has passed three separate laws in the last five years, each promising to tackle the mortgage fraud issue once and for all. Why have these new laws failed to fix the problem?
3. When will the Minister comply with the Auditor General’s recommendations and secure the land titles registry from further incidents of mortgage fraud?
The Official Opposition has a clear plan for protecting Albertans from mortgage fraud, including stricter monitoring of land title transactions to detect fraud and tightening regulations for home inspections to ensure that appraisals are accurate.
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