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.
Police lift shelter in place order for McIvers residents, one man taken into custody
53-year-old man loses vehicle and license after traffic stop in Stephenville last night
RNC seize a number of vehicles and suspend licenses in the Corner Brook region over the weekend
36-year-old Christopher Bourgeois facing charges after a disturbance at a home in Norris Point
February is Heart and Stroke month
