Ontario Standard Terms for Fixed and Variable Rate Residential Mortgage

These Standard Charge Terms are for a fixed and variable rate residential mortgage / charge pursuant to Section 9 of the Ontario Land Registration Reform Act.

• Complete and file the Set of Standard Charge Terms with the Land Titles Office, which issues a filing number.
• Each time you enter into a loan transaction with a borrower which is secured by this type of mortgage, you simply file a Form 2 Charge / Mortgage of Land which refers to this set of standard terms by filing number.
• This set of standard terms, and any addenda filed with the Form 2, will then govern the loan agreement between the parties.
• For use only in the Province of Ontario.