Archived - Standard Industrial Classification - Establishments (SIC-E) 1980

Archived - Standard Industrial Classification - Establishments (SIC-E) 1980

7041 - Deposit Accepting Mortgage Companies (ExceptCo-operatives)

Establishments operating under the Loan Companies Act or corresponding provincial legislation (except those operating under a Co-operative act). They can accept demand and term deposits. Under the Act, investments are restricted with the result that most funds are invested in mortgages secured by real estate. Included are the establishments known as savings certificate companies or investment certificate (contract) companies which operate under provincial legislation. They are also restricted as to type of investments permitted and their investments are primarily in mortgages.

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