Which of the following statements is FALSE?
A) mortgage fraud is a widespread problem in Canada
B) the Land Titles system has helped reduce mortgage fraud in Canada
C) mortgage fraud is possible because of the ease of getting fraudulent documents to back up a mortgage application
D) lenders often do not do proper investigations on the borrower's background when giving mortgages
E) many people take out title insurance to protect against fraud
Correct Answer:
Verified
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