Government is introducing a new act for mortgage brokers to protect home buyers.
Buying a home is probably the biggest investment a lot of people make. The new act is called the Mortgage Brokerages and Brokers Act, and has received second reading in the House of Assembly. Corporations, partnerships, and sole proprietorships registered as mortgage brokers will have to meet new requirements as a mortgage brokerage. Individuals working in a business registered as a mortgage broker will need to apply for a mortgage broker licence. The act will also focus on education, require mortgage brokerages have a trust account to cover errors and insurance, strengthen requirements for disclosures owed to borrowers, authorize the development of a Code of Conduct and penalties.
Jigs and Wheels kicking off in Corner Brook this year with two nights of music on Broadway
It's Old Sam Day at Marble Mountain and Corner Brook Winter Carnival has a few new youth events this year
Impaired driver caught in Port aux Basques on Wednesday
RCMP Traffic Services seizes three vehicles in Bay St. George this week
Former leiflings coming back to judge the 20th Corner Brook Winter Carnival Leifling Gala on Sunday
