On July 1, 2008, the current Mortgage Brokers Act will be withdrawn and the new Mortgage Brokerages, Lenders and Administrators Act, 2006 will go into full effect. At that time, all current Mortgage Broker registrations will expire, and all Mortgage Brokerages, Administrators, Brokers and Agents will require a licence to do business in Ontario. |
To determine if a Mortgage Brokerage, Administrator, Broker or Agent has been approved to conduct mortgage brokering business as of July 1, 2008 click here. | To determine if a person/company is registered as a mortgage broker under the current Act, click here. |