Mr. Speaker, that is a great suggestion. The laws governing obtaining a mortgage and a loan are provincial in this country. The federal government has a couple of laws that affect that area but in general the law of mortgages and hypothèques in Quebec are governed by the laws of the province.
The provinces are very unlikely to pass a law that says if there is a financial transaction there has to be a photo. As I understand it their laws are heavily weighted and biased in imposing the burdens on the financial institutions to know their clients and with whom they are dealing.
I know that financial institutions, because of these recent incidents, are taking steps to make sure that they visually know the borrower, visually check the land, visually check the tenant, and have people do this to ensure that they know exactly what is going on and that it is not a scam.
Whether or not a photo should be a part of the file, I do not know. What if it is a corporate borrower? How are they going to take a picture of a corporation? However, the member has the right idea. I think the financial institutions are taking appropriate steps.