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.
One man was injured at a workplace accident in Corner Brook yesterday
No injuries in a hit and run in Stephenville yesterday afternoon
The annual Corner Brook Bay of Islands Pride Parade is tomorrow with a celebration at the Majestic Lawn
BOISAR uses new drone to pinpoint the location of lost hikers near Corner Brook
$270M for improvements at Marine Atlantic terminals in Port aux Basques and Argentia
