New Wording on Management Company Website
Satisfies FSCO Interim Compliance Order
Its Former Director Dean Artenosi Reach Agreement with Financial Services Commission of Ontario
Toronto, Ontario, December 22, 2014 — Artisan Home Buying Solutions Inc. announced the resolution of a dispute with the Financial Services Commission of Ontario (FSCO) with respect to wording on the firm’s website. The revised website wording clarifies the description of the company’s services – specifically that the company does not provide mortgage brokering services – thereby satisfying the FSCO’s interim compliance order.
Artisan Home Buying Solutions Inc. (Artisan), part of The ARTEN Group of Companies, is a management company that helps turn renters into homeowners through its three programs: No Money Down, Lease to Own, and Home Equity Builder. The FSCO’s legislative mandate is to provide regulatory services to protect the public interest and enhance public confidence in the sectors it regulates – mortgage brokering is one of those sectors.
Mr. Dean Artenosi, former Director at Artisan comments, “We are pleased that Artisan was able to reach an amenable agreement with the FSCO by modifying the wording that appears on the company website. Not only that, the company name has been changed from Artisan Home Buying Solutions Services to Artisan Home Buying Solutions to more accurately reflect the services the company provides. Artisan has never been a mortgage brokerage. It serves in a general management capacity to help clients through the home acquisition process.”
Artisan refers its clients to professionals involved in the home buying process, such as real estate agents, mortgage brokers, bankers, and renovators. Since being founded in 2000, Artisan has helped over 2,000 individuals purchase homes, and has managed close to 1,200 residential home improvement projects throughout the GTA, where homeowners can renovate their home purchase and include the improvement costs in their mortgage, a program offered through GE Capital and CMHC.
About Artisan Home Buying Solutions Inc.
Artisan’s mission – to help turn renters into homeowners – is directly in line with The ARTEN Group’s underlying green initiatives. Together, this dynamic group of companies supports intensification and new urbanism in the already established neighbourhoods of Toronto and the GTA to revitalize existing communities instead of contributing to urban sprawl.
For more information, visit www.artisanfinancial.ca or call (416) 679-9799.
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