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.
RCMP locate a vehicle involved in a murder investigation in Bay Roberts
Conflict of Interest, a contentious issue at last night's Corner Brook council public meeting
Over $1.2 million announced for a new Hospitality NL Culinary Initiative
SIRT NL clears two Corner Brook RNC officers in the death of an inmate last Christmas Day
Premier vows support for anyone left homeless as the result of the Driftwood Inn fire in Deer Lake
