65CResidential investment property loans—exemption from Code

#### 65C Residential investment property loans—exemption from Code The Code does not apply to the provision of credit if: (a) the credit is provided for either of the following purposes: (i) to purchase, renovate or improve residential property for investment purposes; or (ii) predominantly to refinance credit that has been provided wholly or predominantly to purchase, renovate or improve residential property for investment purposes; and (b) the credit is not provided for the purpose of investment in a single residence; and (c) the total amount if the credit provided, or to be provided, is more than $5 000 000. > Note: Subsection 6(13) of the Code provides that the regulations may exclude the provision of credit of any class from the Code.