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.
A missing man from the Clarenville area has been found deceased
Provincial fire ban ends at midnight
18 new affordable rental units to be built in Stephenville
RNC urges people to look out for one another as summer festival season kicks into high gear
Home heating rebate applications now accepted until January 15th
