Humber/Ontario Real Estate Course 1 Exam Practice

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Which detail is NOT included in a Charge/Mortgage of Land (Form 2)?

  1. Interest adjustment date

  2. Legal description of the mortgaged property

  3. Birth date of the mortgagor

  4. Original principal mortgage amount

  5. Mortgagee's name and address

  6. Payment frequency

The correct answer is: Birth date of the mortgagor

In a Charge/Mortgage of Land (Form 2), the birth date of the mortgagor is not typically included in the document. The details that are usually included in a Charge/Mortgage of Land (Form 2) relate more directly to the financial and legal aspects of the mortgage, such as the legal description of the mortgaged property, the original principal mortgage amount, the interest adjustment date, the mortgagee's name and address, and the payment frequency. Birth date of the mortgagor is not required for the legal and financial implications of the mortgage document, hence it is the correct answer.

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