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.
Young boy struck by an impaired driver in St. John's last week has died from injuries
Weekend car accident in Corner Brook leads to search of the woods for a possible occupant
Premier Tony Wakeham focused on healthcare funding and Canada's defense strategy at last week's Premiers meetings
St. Anthony RCMP seizes a vehicle from unlicensed, uninsured driver for second time this week
Gov of NL, extended coverage for patients with cleft lip and/or palate
