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Mortgage Brokerages, Administrators, Brokers or Agents have to be Approved to Conduct Mortgage Brokering Business as of July 1, 2008

On July 1, 2008, the current Mortgage Brokers Act will be withdrawn and the new Mortgage Brokerages, Lenders and Administrators Act, 2006 will go into full effect.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.

 Click Here for more details regarding

The Financial Services Commission of Ontario (FSCO)

 

Important Notice

Each Member of the Ontario Mortgage Team has been approved and received their new Licence from of the Financial Services Commission of Ontario.  Their licence number can be located on each Member's individual bio page.