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.
Lower taxes, health care and safe communities highlighted the provincial budget yesterday
Consultant chosen for the Curling/Westside Reservoir and Transmission Main project
ParksNL seeing a 19 percent in bookings over last year since taking reservations last week
RCMP in the Corner Brook area looking to arrest Adam Angus Waterman
Resolve Marine contracted to remove the MSC Baltic III from Lark Harbour
