The 22 September 2026 deadline for BCFSA's mandatory transition education has now passed. If you finished your courses, your registration will carry over into a licence when the Mortgage Services Act takes effect on 13 October 2026, and there is nothing more you need to do for the switch itself. If you did not finish, you still have a short window to act before 13 October, and what you do in the next three weeks matters.
What happens if you missed it
According to BCFSA, anyone who did not complete the required courses by 22 September will not have their registration carried over into a licence when the Act comes into force. From 13 October you would be unlicensed, which means you cannot provide mortgage services of any kind. BCFSA also says it may take disciplinary action or issue administrative penalties, and that client files still in progress may have to be suspended or moved to another brokerage.
The good news is that BCFSA is keeping the transition courses available after 13 October for anyone who missed them. You are not locked out for good. You are locked out until the courses are done.
What to do this week
First, log in to BCFSA and confirm exactly which courses are still outstanding for your category. Every registrant needs MSA: Getting Started. Mortgage brokers also need MSA: The New Mortgage Broker, and principal brokers need both parts of MSA: The New Principal Broker.
Second, finish them now rather than after 13 October. Every course you complete before the Act takes effect shortens the time you could spend unable to work.
Third, tell your designated individual or principal broker today. They are responsible for every broker at the brokerage, and they need to know which files could be affected so clients are not left waiting.
Fourth, look at your pipeline. Any deal that could still be open on 13 October needs a plan, whether that is closing it sooner or arranging for a licensed colleague to take it over.
Fifth, confirm your status with BCFSA directly. Do not rely on a brokerage email or a forum post to know whether your licence will be in place.
If you are a principal broker
Check course completion for every broker at your brokerage now, and make sure your licensing category service request has been submitted to BCFSA. Under the new Act your accountability grows, and a broker who is unlicensed on 13 October is a brokerage problem as much as a personal one.
If you finished on time
Your next date is 13 October 2026, when the Mortgage Services Act replaces the Mortgage Brokers Act. Registration becomes licensing, designated individuals become principal brokers, and new conduct rules apply. If a Personal Mortgage Corporation makes sense for you, now is a good time to start that conversation with your accountant.
How A.I.M.I. Collective handled the transition
Our compliance team tracked course completion for every A.I.M.I. Collective broker, handled the brokerage side filings and prepared our team for the new principal broker structure. If you found out about this deadline on your own, or too late, it may be worth asking what your brokerage is doing for you.
Related reading
- What changes under the BC Mortgage Services Act
- Switching brokerages in BC after 13 October 2026
- Personal Mortgage Corporations in BC, what brokers need to know
- BC compliance calendar
The information above is based on BCFSA's published transition guidance and may change. Always confirm requirements and dates directly with BCFSA.