{ "article": { "slug": "lenders", "url": "/lenders/", "title": "Big Six mortgage renewal policies, compared", "datePublished": "2026-07-15", "dateModified": "2026-07-15" }, "ledger_meta": { "ledger_dateModified": "2026-07-10", "ledger_publisher": "RenewalRate.ca", "spec_version": "1.0", "claim_count": 52, "removed_claims": [] }, "claims": [ { "id": "claim-001", "spec_version": "1.0", "text": "RBC advertises a 120-day early renewal option allowing clients to renew early without any penalties; the no-penalties claim carries footnote 1, 'some restrictions apply.'", "article_anchor": "120-day early renewal option", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "RBC Royal Bank", "publisher": "RBC Royal Bank", "url": "https://www.rbcroyalbank.com/mortgages/make-the-most-of-renewal.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "Take advantage of our 120-day early renewal option, which allows you to renew early without any penalties", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Mechanical PASS 2026-07-10. Verified on-page: footnote marker 1 immediately follows 'penalties' and the legal disclaimer block reads '1) some restrictions apply.' Corroboration verified verbatim on renewing-your-mortgage.html: 'renew up to 120-day before your term ends without any penalties 1'. Fact_text amended to surface the footnote so the site never publishes an unconditional no-penalty claim. Verdict: amend.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-002", "spec_version": "1.0", "text": "On a closed RBC mortgage, the client may prepay up to 10% of the original principal amount once in every 12-month period.", "article_anchor": "10% of original principal, once per 12-month period", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "RBC Royal Bank", "publisher": "RBC Royal Bank", "url": "https://www.rbcroyalbank.com/mortgages/mortgage-prepayment.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "If you choose a closed mortgage, you may prepay up to 10% of the original principal amount of your mortgage once in every 12-month period", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Mechanical PASS 2026-07-10. Closed, 10%, original principal, and 12-month period all inside the quote. Page context adds the prepayment is applied directly to principal, and open mortgages allow $500+ prepayments any time. Researcher's caution about 12-month period vs anniversary-year phrasing on the calculator page stands; cite this page's phrasing. Verdict: keep.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-003", "spec_version": "1.0", "text": "Once in each 12-month period, RBC clients can increase their mortgage payment amount by as much as 10% without administration fees.", "article_anchor": "Up to 10%, once each 12-month period", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "RBC Royal Bank", "publisher": "RBC Royal Bank", "url": "https://www.rbcroyalbank.com/mortgages/increasing-mortgage-payments.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "Once in each 12-month period, you can choose to increase the amount of your mortgage payments by as much as 10%, without administration fees", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Mechanical PASS 2026-07-10. Verified in context: sentence continues 'and the increased payment amount goes directly toward reducing your principal. you continue these increased payments for the remainder of the term, unless you wish to increase them again after another 12 months.' Verdict: keep.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-004", "spec_version": "1.0", "text": "For a closed fixed-rate RBC mortgage, the prepayment charge is the greater of three months' interest on the amount prepaid or interest for the remainder of the term calculated using the interest rate differential.", "article_anchor": "Greater of three months' interest or the interest rate differential", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "RBC Royal Bank", "publisher": "RBC Royal Bank", "url": "https://www.rbcroyalbank.com/mortgages/understanding-mortgage-prepayment-charges.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "The prepayment charge for a fixed-rate mortgage is the greater of three months' interest on the amount prepaid at the interest rate; or interest for the remainder of the term on the amount prepaid, calculated using the “interest rate differential”", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Mechanical PASS 2026-07-10 (curly quotes normalized). The word 'closed' is not in the quote itself but is verified in the FAQ heading immediately above it on the same page: 'how is the prepayment charge for a closed fixed rate mortgage calculated?' Sentence continues '(IRD).' Also corroborated on the calculator overview page (see rbc-penalty-calculator). Verdict: keep.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-005", "spec_version": "1.0", "text": "RBC Royal Bank states it provides both traditional residential mortgages and collateral mortgages.", "article_anchor": "Both traditional and collateral", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "RBC Royal Bank", "publisher": "RBC Royal Bank", "url": "https://www.rbcroyalbank.com/mortgages/traditional-collateral-mortgages.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "provides both traditional residential mortgages and collateral mortgages", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Mechanical PASS 2026-07-10. Verified in context that the subject is 'rbc royal bank (R symbol)' under the FAQ heading 'what kinds of mortgages does rbc royal bank provide?', so the truncated quote start is safe. Page contrasts traditional charges vs collateral charges (registrable for more than the initial loan). No product-level registration default is stated on this page; do not assert one. Verdict: keep.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-006", "spec_version": "1.0", "text": "If the borrower does nothing, RBC automatically renews the mortgage into an open term.", "article_anchor": "Do nothing and the outcomes diverge: RBC renews you automatically into an open term, the most expensive default of the six.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "RBC Royal Bank", "publisher": "RBC Royal Bank", "url": "https://www.rbcroyalbank.com/mortgages/renewing-your-mortgage.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "If you do not renew your mortgage, we will renew it automatically for you into an open term.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Mechanical PASS 2026-07-10. Verified in context under FAQ 'what happens if i don't renew my mortgage? do mortgages automatically renew?', with the on-page warning 'an open term may not be the right option for you.' Also verified verbatim on the same page: 'you do not need to reapply or requalify when renewing your rbc royal bank mortgage.' Correctly contradicts the generic 6-month-convertible Big-6 assumption for RBC. Verdict: keep.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-007", "spec_version": "1.0", "text": "RBC bases the interest rate differential on the difference between the client's interest rate and RBC's posted rate on the prepayment date for a mortgage with a term similar to the time remaining in the term.", "article_anchor": "RBC: the difference between the interest rate and our posted rate on the prepayment date for a similar remaining term.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "RBC Royal Bank", "publisher": "RBC Royal Bank", "url": "https://www.rbcroyalbank.com/mortgages/understanding-mortgage-prepayment-charges.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "The interest rate differential is the difference between the interest rate and our posted rate on the prepayment date for a mortgage with a term similar to the time remaining in the term", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Mechanical PASS 2026-07-10. AMENDED: original fact_text said RBC 'defines' the IRD this way, implying a complete definition. Verified on-page that the sentence continues 'and having the same prepayment options as the mortgage less your rate reduction.' RBC deducts the client's original rate discount from the comparison rate; omitting that clause materially changes the penalty math. Never publish the posted-rate comparison without acknowledging the rate-reduction deduction. Verdict: amend.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-008", "spec_version": "1.0", "text": "TD lets borrowers renew without a prepayment charge starting 120 days (4 months) before maturity.", "article_anchor": "120 days (4 months) before maturity", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "TD Canada Trust", "publisher": "TD Bank Group", "url": "https://www.td.com/ca/en/personal-banking/products/mortgages/renew-refinance/mortgage-renewal-tips", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "you can renew your TD mortgage without a prepayment charge starting 120 days (4 months) before maturity", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified mechanically: PASS on both extraction methods. Adversarial fetch also confirmed the 120-day window restated elsewhere on the page ('you can renew your mortgage 120 days before the maturity date without paying a pre-payment charge'). Quote fully covers the fact.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-009", "spec_version": "1.0", "text": "On a closed TD mortgage, borrowers can make a lump sum prepayment of up to 15% of the original principal amount once per year with no prepayment charge.", "article_anchor": "15% of original principal, once per year", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "TD Canada Trust", "publisher": "TD Bank Group", "url": "https://www.td.com/ca/en/personal-banking/products/mortgages/flexible-mortgage-payment-features", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "Make a lump sum payment of up to 15% of the original principal amount borrowed once per year, free of any prepayment charges", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified mechanically: PASS on both extraction methods. The 'closed' qualifier in fact_text is NOT inside the quote; it comes from the immediately preceding on-page sentence, which I mechanically verified as contiguous with the quote: 'use it to prepay a bit of your closed td mortgage and shrink the amount you owe, faster. make a lump sum payment of up to 15%...'. The page also states 'you can prepay as much as you like to reduce your principal if you have an open td mortgage', confirming the 15% cap applies only to closed mortgages, so the closed scoping is required for accuracy.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-010", "spec_version": "1.0", "text": "TD allows borrowers to increase their original scheduled principal and interest payments by up to 100% during the mortgage term.", "article_anchor": "Up to 100% over original payments", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "TD Canada Trust", "publisher": "TD Bank Group", "url": "https://www.td.com/ca/en/personal-banking/products/mortgages/flexible-mortgage-payment-features", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "you can increase your original scheduled principal and interest payments by up to 100% during your mortgage term", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified mechanically: PASS on both extraction methods. Adversarial fetch confirmed the full on-page sentence begins 'with td, you can increase...' and continues 'that's double your normal payment amount. for example, if you typically pay $1,000 a month, you can increase your payment up to $2,000 a month during your mortgage term.'", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-011", "spec_version": "1.0", "text": "On a closed fixed-rate TD mortgage, the prepayment charge is the greater of three months' worth of interest or the interest rate differential (IRD) amount.", "article_anchor": "Greater of three months' worth of interest or the IRD amount", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "TD Canada Trust", "publisher": "TD Bank Group", "url": "https://www.td.com/ca/en/personal-banking/products/mortgages/what-happens-break-mortgage-penalty", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "your prepayment charge will be the greater of: three months' worth of interest or the interest rate differential (IRD) amount", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified mechanically: PASS on both extraction methods (curly apostrophe in months' normalizes to straight). The 'closed fixed-rate' qualifier in fact_text is NOT inside the quote; it is the on-page lead-in immediately preceding it, which I mechanically verified as contiguous: 'if you have a fixed interest rate and a closed mortgage: this one is a bit more complicated. your prepayment charge will be the greater of...'. Same page, verified in context: variable-rate closed mortgages 'will typically be required to pay three months of interest' and open mortgages have no prepayment charge.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-012", "spec_version": "1.0", "text": "TD registers a collateral charge as the security for its mortgage loans; the collateral charge is registered against the real estate being bought or refinanced, separate from the mortgage loan agreement (MLA).", "article_anchor": "National Bank uses collateral charges lender-wide, and TD registers its security as a collateral charge too: leaving either means discharge and re-registration, not a transfer.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "TD Canada Trust", "publisher": "TD Bank Group", "url": "https://www.td.com/content/dam/tdct/document/pdf/mla-signing-guide-en.pdf", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "The Collateral Charge is the security that the Bank has in exchange for lending you the money set out in the MLA. It is registered against the real estate you are either buying or refinancing", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified mechanically: PASS as contiguous substring of normalized pdftotext output of the live-fetched PDF (valid PDF 1.6, 93KB). The quote itself distinguishes the Collateral Charge from the MLA (charge = security for the money 'set out in the MLA'), supporting the 'separate from the MLA' clause. Adversarial fetch also confirmed in the PDF: the charge 'will be signed either with your solicitor or, if you have chosen to use our in-house registration program, at your td canada trust branch.' Downstream verification must use pdftotext, not HTML stripping.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-013", "spec_version": "1.0", "text": "If the borrower does not renew or pay off the mortgage by the maturity date, TD may automatically renew it into a one-year open term with an interest rate often higher than TD's other fixed rate options.", "article_anchor": "TD: may automatically renew into a one-year open term, at an interest rate often higher than other fixed rate options.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "TD Canada Trust", "publisher": "TD Bank Group", "url": "https://www.td.com/ca/en/personal-banking/products/mortgages/renew-refinance/mortgage-renewal-tips", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "if for some reason you don't renew your mortgage or pay it off by the maturity date, we may automatically renew your mortgage into a one-year open term, which has an interest rate often higher than our other fixed rate options", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified mechanically: PASS on both extraction methods. Fact preserves the quote's conditional language ('may automatically renew') and its hedged rate comparison ('often higher'). TD's stated default is a one-year open term, distinct from the 6-month convertible pattern at some other Big 6 lenders.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-014", "spec_version": "1.0", "text": "TD's IRD amount is calculated using the POSTED interest rate for a similar mortgage minus any rate discount the borrower received (posted-rate method, not contract rate).", "article_anchor": "TD: the posted interest rate for a similar mortgage, minus any rate discount you received.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "TD Canada Trust", "publisher": "TD Bank Group", "url": "https://ix0.apps.td.com/mortgage-prepayment-calculator/", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "The IRD amount is calculated based on the difference between the principal amount you owe at the time of the prepayment and the principal you would owe using the posted interest rate for a similar mortgage, minus any rate discount you received", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified mechanically: PASS on both extraction methods on TD's own calculator app page. 'Posted interest rate for a similar mortgage, minus any rate discount you received' is verbatim in the quote; the parenthetical 'not contract rate' is a direct logical consequence of the quoted method, not paraphrase drift. No numbers, dates or product names in fact_text are outside the quote.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-015", "spec_version": "1.0", "text": "Scotiabank allows borrowers to renew their mortgage up to 6 months before it expires.", "article_anchor": "Up to 6 months before expiry", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "Scotiabank", "publisher": "The Bank of Nova Scotia", "url": "https://www.scotiabank.com/ca/en/personal/mortgages/mortgage-renewal.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "You can renew your mortgage up to 6 months before it expires", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10; contiguous substring confirmed. Context check confirmed on-page continuation: ', without a prepayment charge. This could save you money if interest rates go up in the future.' under a 'Renew early' heading. Corroborated by Advice+ article posts.how-interest-rate-cuts-impact-your-mortgage.html per researcher (180 days / 6 months).", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-016", "spec_version": "1.0", "text": "Depending on the options selected for the mortgage, Scotiabank borrowers can repay up to 10%, 15% or 20% of the original principal amount at any time during each year of the term.", "article_anchor": "10%, 15% or 20% by product", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "Scotiabank", "publisher": "The Bank of Nova Scotia", "url": "https://www.scotiabank.com/ca/en/personal/advice-plus/features/posts.how-to-pay-off-your-mortgage-faster-and-own-your-home.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "you can choose to repay up to 10%, 15% or 20% of the original principal amount of your mortgage at any time during each year of the term", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10; contiguous substring confirmed. The conditional in fact_text is also on-page: the extended string 'with Scotiabank, depending on the options you select for your mortgage, you can choose to repay up to 10%, 15% or 20%...' passed the same mechanical contiguity check, so the 'depending on the options selected' clause is sourced, not researcher-added. Same 10/15/20 language appears on understanding-mortgage-prepayments-charges.html per researcher.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-017", "spec_version": "1.0", "text": "Scotiabank's Match-a-Payment privilege lets eligible borrowers double a regular mortgage payment of principal and interest on any regular payment date with no fee or prepayment charge.", "article_anchor": "Match-a-Payment: double any regular payment", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "Scotiabank", "publisher": "The Bank of Nova Scotia", "url": "https://www.scotiabank.com/ca/en/personal/advice-plus/features/posts.how-to-pay-off-your-mortgage-faster-and-own-your-home.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "you might be eligible for Match-a-Payment, which allows you to double your current mortgage payment of principal and interest on any regular payment date without having to pay a fee or prepayment charge", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10; contiguous substring confirmed. Context check: preceded on-page by 'depending on the type of Scotiabank mortgage you have,' (extended string also passed mechanical contiguity check), so the 'eligible borrowers' conditional in fact_text matches the source's conditional framing.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-018", "spec_version": "1.0", "text": "For Scotiabank fixed rate mortgages, the typical prepayment charge to pay out before the end of term is the greater of 3 months interest or the Interest Rate Differential.", "article_anchor": "Greater of 3 months interest or the Interest Rate Differential", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "Scotiabank", "publisher": "The Bank of Nova Scotia", "url": "https://www.scotiabank.com/content/dam/scotiabank/canada/en/documents/mortgages/What_you_need_to_know_Mortgages_and_Mortgage-Prepayment-Charges_0718.pdf", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "Typical prepayment charges to payout prior to the end of the term would be the greater of 3 months interest or Interest Rate Differential.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10; contiguous substring of pdftotext extraction confirmed. Context check: the sentence sits in the PDF's mortgage type comparison table under the Fixed Rate row ('Your rate and payment amount is fixed for the term of your mortgage. Typical prepayment charges...'), with Variable Rate handled in a separate row, so the fixed-rate scoping in fact_text is supported by document structure. PDF also states the fixed rate closed prepayment charge is the higher of (A) 3 months' interest and (B) IRD.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-019", "spec_version": "1.0", "text": "Scotiabank offers two types of mortgage charges, collateral or conventional.", "article_anchor": "Collateral or conventional", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "Scotiabank", "publisher": "The Bank of Nova Scotia", "url": "https://www.scotiabank.com/ca/en/personal/mortgages/conventional-vs-collateral-mortgage.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "Scotiabank offers two types of mortgage charges: Collateral or Conventional.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10; contiguous substring confirmed. Exact match between fact and quote. Researcher's supporting quotes about registration in favour of The Bank of Nova Scotia (collateral) vs Scotia Mortgage Corporation (conventional) are on the same page.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-020", "spec_version": "1.0", "text": "Scotiabank states, in its Canada Post service disruption notice, that if it does not hear from the borrower before the maturity date, the mortgage is automatically renewed into a 6-month fixed rate closed term.", "article_anchor": "Scotiabank: automatically renewed into a 6-month fixed rate closed term.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "Scotiabank", "publisher": "The Bank of Nova Scotia", "url": "https://www.scotiabank.com/ca/en/personal/notices/canada-post.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "if we do not hear from you before your maturity date, your mortgage will be automatically renewed into a 6-month fixed rate closed term", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10; contiguous substring confirmed. The sentence itself is unconditional ('Please note if we do not hear from you...'), and matches the Big-6 pattern of rolling silent borrowers into a short closed term, but its only located source is the postal-disruption notice, so fact_text now attributes the statement to that notice rather than presenting it as a freestanding policy page. If a general-policy source is needed, corroborate via the renewal statement or Help Centre before shipping an unattributed version.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-021", "spec_version": "1.0", "text": "Scotiabank's IRD comparison rate (the 'Current Interest Rate') is its current posted interest rate for a new fixed rate closed term mortgage with the term closest to the remaining term of the existing mortgage.", "article_anchor": "Scotiabank: the current posted interest rate for a new fixed rate closed term mortgage closest to the remaining term.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "Scotiabank", "publisher": "The Bank of Nova Scotia", "url": "https://www.scotiabank.com/content/dam/scotiabank/canada/en/documents/mortgages/What_you_need_to_know_Mortgages_and_Mortgage-Prepayment-Charges_0718.pdf", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "The Current Interest Rate is the current posted interest rate offered by us for a new fixed rate closed term mortgage with a term that is closest to the remaining term of your existing mortgage", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10; contiguous substring of pdftotext extraction confirmed. Quote fully contains every element of fact_text. PDF continues '(rounded up if exactly between 2 terms)'. Calculator at dmts.scotiabank.com corroborates with 'Current Posted Rate for Comparable Term' field (seen on the fetched calculator page).", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-022", "spec_version": "1.0", "text": "Under the Scotia Total Equity Plan, borrowers can initially borrow up to 80% of the home's value, including up to 65% for line of credit products.", "article_anchor": "The Scotia Total Equity Plan is an umbrella: you can initially borrow up to 80% of the value of your home, including up to 65% for line of credit products.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "Scotiabank", "publisher": "The Bank of Nova Scotia", "url": "https://www.scotiabank.com/ca/en/personal/mortgages/scotia-total-equity-plan-step.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "You can initially borrow up to 80% of the value of your home, including up to 65% for line of credit products.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10; contiguous substring confirmed. Trailing 'under one plan' removed from fact_text because it was not inside the verbatim quote; the page does separately state 'All it takes is one application' and 'Choose up to 3 mortgages' (seen in fetched page text), and 'After setup, the STEP will gradually decrease to 65% across a 25-year period.'", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-023", "spec_version": "1.0", "text": "BMO lets existing mortgage customers renew early, as early as 180 days before the end of the term, without penalty.", "article_anchor": "The early-renewal window varies by half a year across the six: BMO opens as early as 180 days before the end of the term, others at four months.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "BMO Bank of Montreal", "publisher": "Bank of Montreal", "url": "https://www.bmo.com/en-ca/main/personal/mortgages/renewal/", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": "http://web.archive.org/web/20260121010516/https://www.bmo.com/en-ca/main/personal/mortgages/renewal/", "source_quote": "you can do so as early as 180 days before the end of your term without penalty", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Verifier confirmed full FAQ context: 'if you're planning to renew with bmo, you can do so as early as 180 days before the end of your term without penalty.' The 'with BMO' condition is captured by the fact's framing (BMO letting its own customers renew). Hero-section quote 'you can renew 180 days before the end of your term' also independently re-verified. Snapshot canonical confirms URL; title 'how to renew your mortgage - bmo canada'.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-024", "spec_version": "1.0", "text": "BMO's maximum annual lump-sum prepayment without a prepayment charge is 10% of the original mortgage amount for a BMO Smart Fixed mortgage and 20% of the original mortgage amount for any other kind of closed mortgage (minimum prepayment $100).", "article_anchor": "10% (Smart Fixed) or 20% (other closed)", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "BMO Bank of Montreal", "publisher": "Bank of Montreal", "url": "https://www.bmo.com/en-ca/main/personal/mortgages/pay-mortgage-faster/", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": "http://web.archive.org/web/20260511130046/https://www.bmo.com/en-ca/main/personal/mortgages/pay-mortgage-faster/", "source_quote": "up to a maximum of 10% of the original mortgage amount for a bmo smart fixed mortgage or 20% of the original mortgage amount for any other kind of closed mortgage", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "AMENDED by verifier: original fact_text implied an absolute annual prepayment cap; the page caps only charge-free prepayments. Verifier mechanically confirmed the full contiguous sentence 'you can make lump-sum prepayments each year without a prepayment charge (minimum of $100), up to a maximum of 10%...20%...' passes both strip modes on the same snapshot.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-025", "spec_version": "1.0", "text": "BMO allows a payment increase once each calendar year of up to 10% of the current mortgage payment amount for a BMO Smart Fixed mortgage or 20% for any other kind of closed mortgage.", "article_anchor": "10% or 20%, once each calendar year", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "BMO Bank of Montreal", "publisher": "Bank of Montreal", "url": "https://www.bmo.com/en-ca/main/personal/mortgages/pay-mortgage-faster/", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": "http://web.archive.org/web/20260511130046/https://www.bmo.com/en-ca/main/personal/mortgages/pay-mortgage-faster/", "source_quote": "increase your mortgage payment once each calendar year by up to 10% of the current mortgage payment amount for a bmo smart fixed mortgage or 20% of the current mortgage payment amount for any other kind of closed mortgage", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Verifier confirmed context lead-in 'depending on your mortgage, you can increase...' - the dependence is exactly the 10%/20% product split already stated in the fact. All numbers and product names in fact_text are inside the quote.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-026", "spec_version": "1.0", "text": "For fixed-rate closed mortgages, BMO's prepayment charge is the higher of three months' interest at the applicable fixed rate or an amount calculated using the interest rate differential (IRD).", "article_anchor": "Higher of three months' interest or an IRD amount", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "BMO Bank of Montreal", "publisher": "Bank of Montreal", "url": "https://www.bmo.com/en-ca/main/personal/mortgages/pay-mortgage-faster/", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": "http://web.archive.org/web/20260511130046/https://www.bmo.com/en-ca/main/personal/mortgages/pay-mortgage-faster/", "source_quote": "with fixed rate closed mortgages the prepayment charge is the higher of three months' interest calculated at the applicable fixed interest rate or an amount calculated using interest rate differential", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Quote fully covers the fact. Same page (verified in context): terms over five years prepaid after year five charge three months' interest; any closed mortgage prepaid in the last three months of term charges interest on the prepaid amount at the rate applicable on the prepayment date.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-027", "spec_version": "1.0", "text": "BMO's Homeowner ReadiLine (combined mortgage + revolving line of credit) must be registered in first priority on title on the property.", "article_anchor": "ReadiLine registered in first priority on title", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "BMO Bank of Montreal", "publisher": "Bank of Montreal", "url": "https://www.bmo.com/en-ca/main/personal/mortgages/renewal/", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": "http://web.archive.org/web/20260121010516/https://www.bmo.com/en-ca/main/personal/mortgages/renewal/", "source_quote": "must be registered in first priority on title on your property", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Product name is outside the quote only because the registered-trademark symbol splits the sentence in markup. Verifier mechanically confirmed the extended contiguous visible-text string 'the homeowner readiline ® must be registered in first priority on title on your property' (footnote 3 on the renewal page), so the sentence subject is unambiguously the Homeowner ReadiLine. Verifier also confirmed the parenthetical gloss on the same page: 'homeowner readiline ® - a mortgage and line of credit in one. this lending option combines a mortgage with the flexibility of a revolving line of credit'. BMO does NOT label ReadiLine a 'collateral charge' on its HTML pages; do not assert that term from this source.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-028", "spec_version": "1.0", "text": "If the borrower takes no action at maturity, the BMO mortgage is renewed automatically; BMO points customers to their lending agreement for the details of that automatic renewal.", "article_anchor": "BMO: renewed automatically; the lending agreement holds the terms.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "BMO Bank of Montreal", "publisher": "Bank of Montreal", "url": "https://www.bmo.com/en-ca/main/personal/mortgages/renewal/renewal-tips/", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": "http://web.archive.org/web/20251008183950/https://www.bmo.com/en-ca/main/personal/mortgages/renewal/renewal-tips/", "source_quote": "if you take no action, then your mortgage will be renewed automatically. please check your lending agreement for more details.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "From FAQ 'will my mortgage renew automatically?'. BMO's public pages do NOT specify the default term or rate of the automatic renewal; never assert a specific auto-renewal term (e.g. 6-month convertible at posted) for BMO from this source. Snapshot canonical confirms URL; title 'mortgage renewal tips & advice - bmo canada'.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-029", "spec_version": "1.0", "text": "BMO's IRD is the difference between the existing mortgage rate and the current posted rate for a similar mortgage for the remaining term, taking into account any rate discount received.", "article_anchor": "BMO: the current posted rate charged for the mortgage similar to yours, taking into account any rate discount.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "BMO Bank of Montreal", "publisher": "Bank of Montreal", "url": "https://www.bmo.com/en-ca/main/personal/mortgages/pay-mortgage-faster/", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": "http://web.archive.org/web/20260511130046/https://www.bmo.com/en-ca/main/personal/mortgages/pay-mortgage-faster/", "source_quote": "the difference between your existing mortgage interest rate and the current posted rate charged for the mortgage similar to yours for the remaining term of the mortgage, taking into account any rate discount you may have received", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "AMENDED by verifier: removed '(Big 6 posted-rate pattern)' - an analyst classification not present on the cited page. The quote itself establishes BMO's comparison rate is the posted rate adjusted for the original discount; any Big-6 comparison belongs in editorial copy with its own sourcing, not in this sourced fact.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-030", "spec_version": "1.0", "text": "On its renewal page BMO advertises increasing monthly payments by up to 20% or making a lump sum payment of up to 20% of the mortgage.", "article_anchor": "First, BMO's numbers depend on which page you read: its prepayment terms page caps the annual lump sum at 10% of the original mortgage amount for a BMO Smart Fixed mortgage or 20% for any other kind of closed mortgage, while its renewal ...", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "BMO Bank of Montreal", "publisher": "Bank of Montreal", "url": "https://www.bmo.com/en-ca/main/personal/mortgages/renewal/", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": "http://web.archive.org/web/20260121010516/https://www.bmo.com/en-ca/main/personal/mortgages/renewal/", "source_quote": "increase your monthly payments by up to 20% or by making a lump sum payment of up to 20%", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Verifier confirmed the page continues '...of up to 20% [footnote 1] of your mortgage', supporting 'of the mortgage' in fact_text (footnote marker sits between). Claim carries footnote 1: details vary for BMO Smart Fixed (10+10 per bmo-03/bmo-04); do not present as applying to Smart Fixed.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-031", "spec_version": "1.0", "text": "CIBC says borrowers may qualify to renew a mortgage as early as 150 days before maturity.", "article_anchor": "As early as 150 days before maturity", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "CIBC", "publisher": "Canadian Imperial Bank of Commerce", "url": "https://www.cibc.com/en/personal-banking/mortgages/resource-centre/mortgage-renewal.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "You may qualify to renew your mortgage as early as 150 days before maturity", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Conditional 'may qualify' preserved in fact_text. Verified continuation on page: 'If you do, lenders often waive any prepayment charges ... or other fees, depending on the mortgage type and other incentives' (a popup marker sits mid-sentence in the rendered text).", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-032", "spec_version": "1.0", "text": "CIBC allows an annual lump-sum prepayment of 10%, 15% or 20% depending on the mortgage product; to avoid prepayment charges the payment cannot exceed the allowable prepayment privilege.", "article_anchor": "10%, 15% or 20% by product", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "CIBC", "publisher": "Canadian Imperial Bank of Commerce", "url": "https://www.cibc.com/en/personal-banking/mortgages/resource-centre/prepayment.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "Make an annual prepayment of 10%, 15% or 20% depending on your product You can make lump-sum payments to pay down your mortgage faster. To avoid prepayment charges, your payment cannot exceed your allowable prepayment privilege.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "AMENDED: original fact said 'CIBC closed mortgages' but the page does not scope this section to closed mortgages; product scoping removed. Quote extended (contiguous, heading plus body) so the lump-sum and avoid-charges clauses are inside the quote. Section sits under 'ways to pay down your mortgage ... without paying prepayment charges' with a footnote 2.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-033", "spec_version": "1.0", "text": "CIBC lets borrowers increase the regular payment amount up to 100% of the original regular payment at any time over the mortgage term.", "article_anchor": "Up to 100% of the original payment", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "CIBC", "publisher": "Canadian Imperial Bank of Commerce", "url": "https://www.cibc.com/en/personal-banking/mortgages/resource-centre/prepayment.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "You can increase your payment amount up to 100% of the original regular payment at any time over the mortgage term", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Verified in context under 'increase your payment amount', within the section 'ways to pay down your mortgage and get out of debt faster without paying prepayment charges' (footnote 2 attaches to that heading; conditions may apply via footnote).", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-034", "spec_version": "1.0", "text": "For CIBC fixed-rate closed mortgages the prepayment charge is the greater of two amounts, the first being 3 months' interest on the amount prepaid.", "article_anchor": "Greater of two amounts, starting at 3 months' interest", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "CIBC", "publisher": "Canadian Imperial Bank of Commerce", "url": "https://www.cibc.com/en/personal-banking/mortgages/resource-centre/prepayment.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "If you have a fixed-rate closed mortgage, your prepayment charge will be the greater of the following: 3 months' interest on the amount you prepay", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Verified in context: the 3 months' interest is 'calculated at your annual mortgage interest rate, plus any discount you received', and the second listed amount is 'the interest rate differential (IRD) on the amount you prepay'.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-035", "spec_version": "1.0", "text": "CIBC registers standard charges for the exact amount borrowed.", "article_anchor": "Standard charge, exact amount borrowed", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "CIBC", "publisher": "Canadian Imperial Bank of Commerce", "url": "https://www.cibc.com/en/personal-banking/mortgages/mortgage-security.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "CIBC registers the standard charge for the exact amount you borrow", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Page also gives a worked example: buy for $500,000 with a $250,000 mortgage loan, CIBC registers the standard charge for $250,000 (verified in context).", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-036", "spec_version": "1.0", "text": "All CIBC mortgages become open at the end of the mortgage term, so borrowers can pay as much as they want on the mortgage before renewing.", "article_anchor": "CIBC is the outlier at maturity: every CIBC mortgage becomes open at the end of the term, a no-penalty exit day.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "CIBC", "publisher": "Canadian Imperial Bank of Commerce", "url": "https://www.cibc.com/en/personal-banking/mortgages/resource-centre/prepayment.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "All CIBC mortgages become open at the end of the mortgage term. This means you can pay as much as you want on your mortgage before you renew.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "AMENDED: trimmed 'without a prepayment charge' from fact_text; that phrasing is implied by 'open' and by the parent section heading ('ways to pay down your mortgage ... without paying prepayment charges', verified on page) but is not inside the verbatim quote. Section is 'prepay at renewal'. The maturity date remains the penalty-free exit window angle, supportable via the section heading if quoted separately.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-037", "spec_version": "1.0", "text": "CIBC's IRD calculation uses CIBC's current posted interest rate for the comparison mortgage identified in the mortgage documents.", "article_anchor": "CIBC: CIBC's current posted interest rate for the comparison mortgage identified in the mortgage documents.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "CIBC", "publisher": "Canadian Imperial Bank of Commerce", "url": "https://www.cibc.com/en/personal-banking/mortgages/resource-centre/prepayment.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "Interest over the remaining term of your mortgage, calculated at CIBC's current posted interest rate for the comparison mortgage identified in your mortgage documents", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "AMENDED: removed the editorial clause 'the Big 6 posted-rate IRD pattern' which is analyst characterization, not on the page. Verified in context: the first IRD leg is interest 'calculated at your current mortgage interest rate, plus any interest rate discount you received', i.e. the discount is added back.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-038", "spec_version": "1.0", "text": "For the CIBC Home Power Plan, CIBC typically registers a collateral charge for up to 100% of the property value; e.g. borrowing 80% of the home's value can still mean a charge registered for 100% (or more).", "article_anchor": "The same logic applies to CIBC's Home Power Plan, where CIBC typically registers the charge for up to 100% of the property value, and to National Bank's All-In-One.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "CIBC", "publisher": "Canadian Imperial Bank of Commerce", "url": "https://www.cibc.com/en/personal-banking/mortgages/mortgage-security.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "CIBC typically registers the charge for up to 100% of the property value. For example, if you borrow 80% of your home's value, CIBC may register the charge for 100% (or more) of the home's value", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Product attribution independently re-verified: the quote begins immediately after 'For the CIBC Home Power Plan(R),' on the page. The registered-trademark symbol is excluded from the quote deliberately because it renders inconsistently across fetches (R-in-circle vs replacement char), which would break the mechanical substring check. Quote sits under the page's 'collateral charges' explanation.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-039", "spec_version": "1.0", "text": "CIBC does not charge administrative fees for renewing a mortgage.", "article_anchor": "CIBC deserves one closing footnote here: it is the only bank of the six that publishes no administrative fees for renewing a mortgage as an explicit line item.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "CIBC", "publisher": "Canadian Imperial Bank of Commerce", "url": "https://www.cibc.com/en/personal-banking/mortgages/resource-centre/mortgage-faq.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "CIBC doesn't charge any administrative fees for renewing a mortgage", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Verified in context: FAQ Q 'Is there a fee for renewing a mortgage?' answered 'No, CIBC doesn't charge any administrative fees for renewing a mortgage.' No conditional language surrounds it.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-040", "spec_version": "1.0", "text": "National Bank lets borrowers renew early, up to 4 months before the end of the term, with no penalty.", "article_anchor": "Up to 4 months, with no penalty", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "National Bank of Canada", "publisher": "National Bank of Canada", "url": "https://www.nbc.ca/personal/help-centre/mortgage/renewal-refinancing/how-to-renew-mortgage.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "Renew early, up to 4 months before the end of your term (with no penalty) to take advantage of the market rates.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10: contiguous substring of live page. Presented on page as one of two renewal options. Surrounding text confirms early renewal takes effect starting with the next payment.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-041", "spec_version": "1.0", "text": "National Bank allows repaying up to 10% of the principal amount borrowed without fees.", "article_anchor": "10% of principal borrowed, without fees", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "National Bank of Canada", "publisher": "National Bank of Canada", "url": "https://www.nbc.ca/personal/mortgages/pay-faster.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "you can repay up to 10% of the principal amount borrowed without fees", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10: contiguous substring of live page. AMENDED: 'in one or more payments' removed from fact_text; it comes from the next sentence ('This refund can be made in one or more payments.'), confirmed present on the live page but outside the quote. IMPORTANT scope: the full sentence opens 'During the same calendar year(2)', so the 10% privilege is per calendar year; do not publish this fact without the per-calendar-year qualifier in surrounding site copy. The fees section on the same page confirms a charge applies if you 'prepay more than 10% of the principal amount in a year' (confirmed live).", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-042", "spec_version": "1.0", "text": "On each payment date National Bank allows an additional payment equal to or less than the regular payment (principal and interest).", "article_anchor": "An extra payment up to the regular payment, each payment date", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "National Bank of Canada", "publisher": "National Bank of Canada", "url": "https://www.nbc.ca/personal/mortgages/pay-faster.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "On the date of each payment, you have the option to make an additional payment. The amount must be equal to or less than your regular payment (including principal and interest).", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10: contiguous substring of live page. AMENDED: 'made via online bank or mobile app' removed from fact_text; the channel comes from the next sentence ('Sign in to your online bank or mobile app to make an additional payment.'), confirmed present on the live page but outside the quote. This is NBC's double-up equivalent (up to 100% of the regular payment).", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-043", "spec_version": "1.0", "text": "National Bank's prepayment charge on a fixed-rate mortgage is the higher of 3 months of interest or 1 month of interest (max. $500) plus the interest differential; on a variable-rate mortgage it is 3 months of interest.", "article_anchor": "Higher of 3 months of interest, or 1 month (max. $500) plus the interest differential", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "National Bank of Canada", "publisher": "National Bank of Canada", "url": "https://www.nbc.ca/personal/mortgages/pay-faster.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "Fixed-rate mortgage loan The higher of: 3 months of interest or 1 month of interest (max. $500) plus the interest differential Variable-rate mortgage loan 3 months of interest", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10: contiguous substring of live tag-stripped page. Independently confirmed the quote sits in the 'Applicable fees by loan type' table with column headers 'Loan type / Prepayment charge', so the table is unambiguously about prepayment charges. NBC's IRD variant adds 1 month of interest capped at $500 on top of the differential, distinct from most Big 6 greater-of wording.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-044", "spec_version": "1.0", "text": "National Bank uses the collateral mortgage as its charge type lender-wide: its help centre states the collateral mortgage is the type of mortgage used at National Bank.", "article_anchor": "National Bank uses collateral charges lender-wide, and TD registers its security as a collateral charge too: leaving either means discharge and re-registration, not a transfer.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "National Bank of Canada", "publisher": "National Bank of Canada", "url": "https://www.nbc.ca/personal/help-centre/mortgage/how-it-works/difference-between-collateral-and-conventional-mortgage.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "The collateral mortgage is the type of mortgage used at National Bank.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10: contiguous substring of live page. AMENDED: original phrasing 'registers collateral mortgages as its standard charge type' was rewritten because 'standard charge' is the land-registry term of art for the OPPOSITE of a collateral charge; on a YMYL mortgage site that wording invites a factual misreading. Context confirmed lender-wide statement, not All-In-One-specific: page describes the collateral (umbrella) mortgage as one that 'secures your mortgage and your other current and future debts to National Bank' (confirmed live).", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-045", "spec_version": "1.0", "text": "National Bank states borrowers will receive a mortgage renewal notice at least 21 days before the end of the term.", "article_anchor": "National Bank: no published auto-renewal default; the bank commits to a renewal notice at least 21 days before the end of the term.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "National Bank of Canada", "publisher": "National Bank of Canada", "url": "https://www.nbc.ca/personal/help-centre/mortgage/renewal-refinancing/best-time-renew-mortgage.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "You will receive a mortgage renewal notice at least 21 days before the end of your term.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10: normalized quote is a contiguous substring of live page text. Sits in a 'Good to know' callout. Quote covers every element of the fact. 21 days matches the federal minimum renewal disclosure requirement.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-046", "spec_version": "1.0", "text": "National Bank's prepayment charges calculator asks for the posted rate stated in the mortgage loan agreement, before any rate reduction granted.", "article_anchor": "National Bank: its calculator asks for the posted rate stated in your mortgage loan agreement, before any rate reduction.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "National Bank of Canada", "publisher": "National Bank of Canada", "url": "https://www.nbc.ca/forms/financing/prepayment-charges-calculator.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "Indicate the posted rate stated in your mortgage loan agreement or its renewal. If you have been granted a rate reduction, this is the posted rate stated before the reduction.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10: contiguous substring of live page. AMENDED: the framing 'computes the charge from posted rates' was narrowed to the input claim the quote directly supports. The comparison input being posted too ('Indicate the current National Bank posted rate applicable for the specified term.') was independently confirmed present on the live page; cite that sentence separately if the both-legs-posted claim is needed. Together they support the Big 6 posted-rate IRD pattern.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-047", "spec_version": "1.0", "text": "At National Bank you can protect your rate from 6 months before the end of your term.", "article_anchor": "Third, National Bank runs renewal differently: no financing application, no proof of income or qualifications, and no credit bureau check to renew, and the rate can be protected from 6 months before the end of the term.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "National Bank of Canada", "publisher": "National Bank of Canada", "url": "https://www.nbc.ca/personal/help-centre/mortgage/renewal-refinancing/how-to-renew-mortgage.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "Protect your rate from 6 months before the end of your term", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10: contiguous substring of live page. AMENDED: the rates-fall clause was removed from fact_text because it is not inside the verbatim quote. The adjacent sentence 'If rates rise, your rate is protected. If rates fall, you can request a better rate before maturity.' was independently confirmed present on the same live page; cite it as a separate quote if that claim is needed.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-048", "spec_version": "1.0", "text": "Renewing with National Bank requires no financing application, no proof of income or qualifications, and no credit bureau check.", "article_anchor": "Third, National Bank runs renewal differently: no financing application, no proof of income or qualifications, and no credit bureau check to renew, and the rate can be protected from 6 months before the end of the term.", "type": "lender-operational", "confidence": "B", "primary_source": { "name": "National Bank of Canada", "publisher": "National Bank of Canada", "url": "https://www.nbc.ca/personal/mortgages/renewal.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": null, "source_quote": "There's no need to complete a financing application. We won't ask you for proof of income, qualifications or consult your credit bureau.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "Re-verified 2026-07-10: contiguous substring of live page, under the 'Quick and easy' benefit. Supporting line on same URL also confirmed live: 'You'll avoid paying file opening, notary and appraisal fees when you renew your mortgage with us.'", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "LOW" }, { "id": "claim-049", "spec_version": "1.0", "text": "FCAC states that if your mortgage contract is with a federally regulated financial institution, such as a bank, the lender must provide you with a renewal statement at least 21 days before the end of the existing term.", "article_anchor": "Federally regulated lenders must provide a renewal statement at least 21 days before the end of the existing term.", "type": "regulation", "confidence": "A", "primary_source": { "name": "FCAC consumer guidance", "publisher": "Financial Consumer Agency of Canada (Government of Canada)", "url": "https://www.canada.ca/en/financial-consumer-agency/services/mortgages/renew-mortgage.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": "https://web.archive.org/web/20260430215234/https://www.canada.ca/en/financial-consumer-agency/services/mortgages/renew-mortgage.html", "source_quote": "such as a bank, the lender must provide you with a renewal statement at least 21 days before the end of the existing term", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "MECHANICAL PASS 2026-07-10 (independent fetch, normalized contiguous substring, 1 occurrence). Lead-in verified live: full sentence begins 'If your mortgage contract is with a federally regulated financial institution, such as a bank, ...' AMENDED: fact_text previously said 'federally regulated lender'; page says 'federally regulated financial institution'. Page title confirmed 'Renewing your mortgage - Canada.ca'.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "MODERATE" }, { "id": "claim-050", "spec_version": "1.0", "text": "FCAC warns that if you don't take action, the renewal of your mortgage term may be automatic, meaning you may not get the best interest rate and conditions; if your lender plans on automatically renewing your mortgage, it will say so in the renewal statement.", "article_anchor": "FCAC warns that if you take no action, the renewal of your mortgage term may be automatic, meaning you may not get the best interest rate and conditions.", "type": "regulation", "confidence": "A", "primary_source": { "name": "FCAC consumer guidance", "publisher": "Financial Consumer Agency of Canada (Government of Canada)", "url": "https://www.canada.ca/en/financial-consumer-agency/services/mortgages/renew-mortgage.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": "https://web.archive.org/web/20260430215234/https://www.canada.ca/en/financial-consumer-agency/services/mortgages/renew-mortgage.html", "source_quote": "the renewal of your mortgage term may be automatic. This means you may not get the best interest rate and conditions. If your lender plans on automatically renewing your mortgage, it will say so in the renewal statement.", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "MECHANICAL PASS 2026-07-10. AMENDED: added the conditional lead-in 'if you don't take action,' which immediately precedes the quote on the live page (verified 2026-07-10: 'if you don't take action, the renewal of your mortgage term may be automatic.'); omitting it presented conditional source language as broader than stated. Lead-in is page context, not inside the quote; documented here per the same pattern as regulatory-001.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "MODERATE" }, { "id": "claim-051", "spec_version": "1.0", "text": "FCAC states the prepayment penalty will usually be the higher of an amount equal to 3 months' interest on what you still owe or the interest rate differential (IRD).", "article_anchor": "Every bank prices its fixed-rate penalty as FCAC describes: the higher of 3 months' interest or the interest rate differential (IRD), and all six feed a posted rate into the IRD.", "type": "regulation", "confidence": "A", "primary_source": { "name": "FCAC consumer guidance", "publisher": "Financial Consumer Agency of Canada (Government of Canada)", "url": "https://www.canada.ca/en/financial-consumer-agency/services/mortgages/reduce-prepayment-penalties.html", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": "https://web.archive.org/web/20260430213639/https://www.canada.ca/en/financial-consumer-agency/services/mortgages/reduce-prepayment-penalties.html", "source_quote": "The prepayment penalty will usually be the higher of: an amount equal to 3 months' interest on what you still owe the interest rate differential ( IRD )", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "MECHANICAL PASS 2026-07-10 with the exact list-item spacing given (no punctuation between 'owe' and 'the interest rate differential'; '( IRD )' spacing literal). Researcher's warning stands: semicolon variants of this quote fail against the live page. Page title confirmed 'Mortgage fees: Prepayment penalties - Canada.ca'.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "MODERATE" }, { "id": "claim-052", "spec_version": "1.0", "text": "OSFI's guidance letter dated November 21, 2024 exempts uninsured mortgage straight switches from the prescribed MQR.", "article_anchor": "And since OSFI's guidance letter dated November 21, 2024, uninsured straight switches are exempt from the prescribed minimum qualifying rate, which makes the threat to leave your bank credible even if you would have failed the stress tes...", "type": "regulation", "confidence": "A", "primary_source": { "name": "OSFI guidance", "publisher": "Office of the Superintendent of Financial Institutions", "url": "https://www.osfi-bsif.gc.ca/en/guidance/guidance-library/osfi-exempts-uninsured-mortgage-straight-switches-prescribed-mqr-implements-portfolio-lti-limits", "datePublished": "n.d.", "vintage": "2026-07-10", "verbatim_check": true }, "wayback_url": "https://web.archive.org/web/20260504004656/https://www.osfi-bsif.gc.ca/en/guidance/guidance-library/osfi-exempts-uninsured-mortgage-straight-switches-prescribed-mqr-implements-portfolio-lti-limits", "source_quote": "OSFI exempts uninsured mortgage straight switches from the prescribed MQR and implements portfolio LTI limits Information Publication type Letter Category Sound Business and Financial Practices Date November 21, 2024", "math_derivation": null, "evidence": null, "attestation": null, "inference_logic": "MECHANICAL PASS 2026-07-10; the title-plus-metadata run is contiguous in tag-stripped visible text exactly as claimed (confirmed in context pull: '...portfolio lti limits information publication type letter category sound business and financial practices date november 21, 2024 sector banks...'). Quote contains the date and 'Letter' publication type, supporting 'guidance letter dated November 21, 2024'. Researcher's warning about the old ledger's non-contiguous editorial parenthetical is consistent with this.", "derivation_chain": null, "conditions": null, "next_review_due": "2027-01-10", "last_verified": "2026-07-10", "history": [ { "date": "2026-07-10", "change": "Initial entry. Verbatim mechanically confirmed via curl fetch (Chrome UA, lint normalization) during the 2026-07-10 lender-cluster build, then independently re-fetched and semantically checked by an adversarial verification pass before drafting." } ], "evidence_grade": "MODERATE" } ] }