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Court Dismisses RBC Mortgage Disclosure

PRIVACY LAW

August 31, 2012

In June, the Ontario Superior Court of Justice dismissed a motion by the Royal Bank of Canada (RBC) that would have forced the Bank of Nova Scotia (BNS) to disclose mortgage information to RBC, writes John Jager, CIPP/US, CIPP/C, for The Privacy Advisor. RBC required a mortgage discharge statement from BNS in order to proceed with a sheriff’s sale on a property, but Jager writes that the court “reluctantly dismissed” the motion, saying it was bound by a previous court decision stating that “PIPEDA prohibits organizations from disclosing PI without the knowledge or consent of the affected individual unless disclosure is permitted by one of the exemptions provided in section 7(3).” (IAPP member log in required.)
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