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.
Power outages affecting North Shore of Bay of Islands, Gallants area
TCH near Flat Bay Junction is now partially open following a motor vehicle accident
Donations being accepted at Staples until August 27th as part of their “Stuff the Backpacks” annual event
Major cabinet shuffle today and Humber-Gros Morne MHA Mike Goosney has a new role
National Day for Truth and Reconciliation is a holiday this year for employees with the city of Corner Brook
