CLEO’s On the Radar – New law protects homeowners from costly scam

In June 2024, the Homeowner Protection Act came into effect in Ontario. It aims to stop companies from using a legal tool called a notice of security interest or NOSI to scam homeowners. Older adults were their primary targets.

People ended up owing thousands of dollars and some lost their homes. And, even with the new law, companies who used NOSIs are still trying to get money from homeowners.

Read more in this month’s On The Radar.