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.
UPDATED: Missing man located safe
RCMP are looking for information after a vehicle fire at a Stephenville dealership last night
RCMP looking for the public's help with a stolen ATV investigation in Barachois Brook
Man arrested after an assault in Corner Brook that left a female with injuries
Child and Youth Advocate releases report titled, "Off the Radar"
