The Mortgage Brokerages, Lenders and Administrators Act, 2006, received Royal Assent on December 20, 2006. Consultations on the proposed companion regulations and the education review continue.

The new Act will come into force once the regulations and the education review are finalized and once members of the industry have had an appropriate period to understand and comply with the requirements of the new legislation.

FSCO will continue to keep the stakeholders informed on the progress of this important initiative as it moves forward.

For additional information, and to stay up-to-date on the status of the regulations, transition timelines, and future information sessions, please subscribe to the Mortgage Broker e-Info.

People interested in receiving information on the new Act can sign-up to receive regular updates by email.
 
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