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.
UPDATE: Police have recovered a stolen Dodge Caravan from Deer Lake
Appointments now being made for spring cleanup in Corner Brook; call 637-1666 or go to cornerbrook.com
Qalipu busy with career fairs, a traditional use study, a bird survey and more this month
Schools to remain closed Friday afternoon due to weather
Corner Brook MHA Jim Parsons gives first speech in the House of Assembly
