16.8. Mortgage brokers must appropriately advise their clients and give them all such information as may be necessary or useful.
They must explain to their clients the nature of the fees associated with the proposed loans secured by immovable hypothec and the nature, characteristics, advantages and disadvantages of the loans secured by immovable hypothec that they propose to their clients, including the penalties applicable in the event of failure to comply with the terms of the loan agreement.
2020-04M.O. 2020-04, s. 51.