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.
Two young drivers in Bay St. George area caught doing more than twice the speed limit
More help coming this fall for low-income homeowners to get repairs and modifications done
Deer Lake Mayor says up to 20 homes in the Nicholsville area could be impacted by high water levels
Another scam targeting seniors has hit this province
Government looking to form a committee to deal with barriers facing persons with disabilities
