2(1)In this Regulation, “Act” means the Cost of Credit Disclosure Act.

2(2)In the Act and this Regulation, “mortgage loan” means a loan of money secured by a charge against real property.

2(3)In the Act, “high-ratio mortgage” means a mortgage loan under which the amount advanced, together with the amount outstanding under any other mortgage that ranks equally with or in priority to the mortgage loan, exceeds 75% of the market value of the relevant real property.

2(1)In this Regulation, “Act” means the Cost of Credit Disclosure Act.

2(2)In the Act and this Regulation, “mortgage loan” means a loan of money secured by a charge against real property.

2(3)In the Act, “high-ratio mortgage” means a mortgage loan under which the amount advanced, together with the amount outstanding under any other mortgage that ranks equally with or in priority to the mortgage loan, exceeds 75% of the market value of the relevant real property.