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Decentralized Democracy

Tom Rakocevic

  • MPP
  • Member of Provincial Parliament
  • Humber River—Black Creek
  • New Democratic Party of Ontario
  • Ontario
  • Unit 38 2300 Finch Ave. W North York, ON M9M 2Y3 TRakocevic-CO@ndp.on.ca
  • tel: 416-743-7272
  • fax: 416-743-3292
  • TRakocevic-QP@ndp.on.ca

  • Government Page
  • May/9/24 11:30:00 a.m.

NOSIs are a type of lien against property commonly used today to scam and extort Ontarians across our province, especially our seniors. Earlier this year, the Ontario NDP tabled a bill to ban them and put an end to this abuse. The minister said he agreed with us, but here we are two months later, and we are still waiting while homeowners continue to get scammed.

Will the minister commit today to banning these secretive, harmful liens against homes in Ontario and, if so, tell us when he will make it into law?

There are countless Ontarians with these secretive, harmful liens on their homes, including an elderly couple in my community with a dozen of them totalling more than $100,000.

I recently tabled a motion calling on the government to immediately notify all homeowners who have these liens on their homes, because the people deserve to know.

Will the minister support this important motion?

156 words
  • Hear!
  • Rabble!
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  • May/7/24 10:10:00 a.m.

Last month, I held a meeting where I informed my community about fraud and the abuse of a type of lien against a property called a notice of security interest, or NOSI for short.

As you know, people across our province, especially seniors and vulnerable members of our communities, have been victimized by unscrupulous door-to-door salespeople who have used every trick in the book to try to scam them into a bad contract. Many of these scams involve NOSIs without the knowledge of the victim. So these liens sit unnoticed until the time comes to sell, take out a loan, or refinance your home. During this stressful time, the victims are extorted to pay large amounts to have the lien removed, or spend loads of time and money in the courts trying to reverse this vexatious registration. These liens are often in the tens of thousands. A family in my riding had over a dozen NOSIs placed on their home—a dozen.

In many cases, the personal banking and identification of these victims are trafficked and used to commit other types of fraud. In extreme cases, the victims are tricked into signing reverse mortgages in an attempt for the thieves to steal their homes.

At my town hall, residents couldn’t believe that the government hasn’t put an end to this yet. I let my residents know about our private members’ bill to ban NOSIs, and they all insisted that it be passed immediately.

Once again, I call on this government to ban NOSIs in Ontario and to notify all Ontarians who have a NOSI on their property, free of charge.

274 words
  • Hear!
  • Rabble!
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