Mortgagee not entitled to ‘accelerated interest’ on mortgaged properties under receivership: court

By Elizabeth Raymer (September 1, 2022, 5:11 PM EDT) -- The Court of Appeal for Ontario has overturned a lower court decision in finding that a mortgagee cannot recover the “accelerated interest,” or unearned future interest, on mortgages it held in addition to the principal amount owing on the mortgages to the date of sale of properties....