Or a response might be “This is administratively cumbersome. It is expensive. The cost of that will be reflected in the cost of the loan.” Ultimately the borrower will pay for that. There are couple of ways an institution can react to that.
November 1st, 2012 / 11:50 a.m.
Vice-President, Policy and Operations, Canadian Bankers Association
Or a response might be “This is administratively cumbersome. It is expensive. The cost of that will be reflected in the cost of the loan.” Ultimately the borrower will pay for that. There are couple of ways an institution can react to that.
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