Disclosure — fixed interest mortgage for a fixed amount
 8. (1) A mortgage brokerage that enters into or arranges a mortgage for a fixed interest rate for a fixed amount, to be repaid on a fixed future date or by instalment payments, must give the borrower an initial disclosure statement that includes the following information: 1.  The principal amount of the mortgage. 2.  The amount of each advance of the principal and when each advance is to be made. 3.  The total amount of all payments. 4.  The cost of borrowing over the term of the mortgage, expressed in dollars and cents. 5.  The term of the mortgage, and the period of amortization if it is different from the term. 6.  The annual interest rate and the circumstances, if any, under which it is compounded. 7.  The APR, if it differs from the annual interest rate. 8.  The date on and after which interest is charged and information concerning any period during which interest does not accrue. 9.  The amount of each payment and when it is due. 10.  The fact that each payment made on the mortgage must be applied first to the accumulated cost of borrowing and then to the outstanding principal. 11.  An amortization schedule for the term of the mortgage showing the principal amount, the due date and amount of each periodic payment, the portion of each periodic payment that is charged as interest or is applied on principal, the outstanding balance of the mortgage after each periodic payment and the principal amount at maturity. 12.  Information about any optional service in relation to the mortgage that the borrower accepts, the charges for each optional service and the conditions under which the borrower may cancel the service, if that information is not disclosed in a separate statement before the optional service is provided. 13.  The information required by paragraphs 1 to 4 of section 24 of the Act, including a description of any components of a formula used to calculate a rebate, charge or penalty to be imposed on the borrower if the borrower exercises a right to repay the amount borrowed before the maturity of the mortgage. 14.  If section 16 of this Regulation applies with respect to the mortgage, the formula set out in subsection 16 (3). 15.  The particulars of the charges or penalties referred to in paragraph 5 of section 24 of the Act, including default charges that may be imposed under section 17 of this Regulation. 16.  The property in which the lender takes a security interest under the mortgage. 17.  Any charge for a brokerage, if the brokerage charges are included in the amount borrowed and are paid directly by the lender to the brokerage. 18.  The fact that there is a charge to discharge a security interest and the amount of the charge on the day that the statement was provided. 19.  The nature and amount of any charge other than an interest charge.  O. Reg. 191/08, s. 8 (1). (2) If the outstanding balance of the mortgage is increased because the borrower has missed a scheduled instalment payment or because a default charge is levied on the borrower for missing a scheduled instalment payment, such that the amount of each of the subsequently scheduled instalment payments does not cover the interest accrued during the period for which a payment is scheduled, and if the brokerage is a lender under the mortgage, the brokerage must give the borrower a subsequent disclosure statement not more than 30 days after the missed payment or the imposition of the default charge that describes the situation and its consequences.  O. Reg. 191/08, s. 8 (2).