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.
Fox's General Store owner talks about the decision to move to seasonal operation
RCMP pull unfit vehicle off the road in Burgeo and suspended driver caught without insurance or registration
Corner Brook bulk garbage spring clean up is nearly half way done
Water levels are at an acceptable level in Deer Lake but officials are watching the situation
18 year old driver clocked doing 160 km/hr just west of Corner Brook on Saturday
