It will implement a licensing framework for industry and introduce education and continuing education requirements.
Stronger rules for the mortgage broker industry in Newfoundland and Labrador are coming into effect on April 1st, 2025. It will implement a licensing framework for industry and introduce education and continuing education requirements. As well, it will require the industry to have errors and omissions insurance, and Require mortgage brokerages will be required to maintain trust accounts. This will strengthen client disclosure requirements and authorize administrative penalties for the industry. The new Mortgage Brokerages and Brokers Act and Regulations provides greater protection and reassurance for people using mortgage brokering services.
Port Saunders RCMP say the missing 58-year-old man has been located
Resource Enforcement officers looking for information about a fire in Trout River
Wild Cove opens for regular operations but crews continuing to smother the fire
Qalipu First Nation Chief and Council met in St. John's for the first time to include members in that area
Route 340 near Lewisporte is closed both ways due to a motor vehicle collision
