Tag Archives: CIBC mortgage prepayment lawsuit

CIBC Faces Class Action Suit Regarding Mortgage Prepayment Penalty

According to the Siskends LLP website, a class action was commenced in October 2011 against CIBC Mortgages Inc. regarding its practices for calculating prepayment penalties on mortgages entered into across Canada since 2005. The Statement of Claim alleges that CIBC … Continue reading

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