FINTRAC obligations for mortgage brokers
Mortgage brokers, lenders and administrators became reporting entities on 11 October 2024. Here is what that actually requires, in the order you have to build it.
Read guideLicensing, compensation, technology and everything involved in moving your book.
Mortgage brokers, lenders and administrators became reporting entities on 11 October 2024. Here is what that actually requires, in the order you have to build it.
Read guideMost brokers assume a past client can be emailed indefinitely. The implied-consent windows are shorter and more specific than that.
Read guideDisclosure is not a form you file. It is a timing obligation, and the clock runs before the borrower signs anything.
Read guideOntario regulates the investor side of a private deal as heavily as the borrower side. Two suitability assessments, not one.
Read guideAlberta runs one renewal date for everybody, regardless of when you were licensed. Miss it and you are not practising on 1 October.
Read guideOntario runs CE on a two-year cycle in even years, splits it into two different kinds of hours, and will not renew a licence without it.
Read guideThe Mortgage Services Act replaces a statute that has governed the province since 1972. The shift is from registration to licensing, and the categories change with it.
Read guideA MIC is a tax structure before it is a lender. The conditions that define one also shape what it can and cannot do with your deal.
Read guideThe moment a mortgage becomes an investment product sold to investors, a second regulator is involved. Mortgage licensing does not cover it.
Read guideNo statute defines an A lender. The tiers are market shorthand, and knowing where the real lines fall is what lets you place a file first time.
Read guideTen brand names. Three parent companies. Knowing who owns what changes how you read a recruiting pitch.
Read guideMost recruiting pitches compete on one number. The number that matters is what lands in your account after everything else.
Read guideA recruiting conversation tells you what a brokerage wants to say. These fifteen questions tell you the rest.
Read guideDeciding to move is the easy part. The licence transfer, the live pipeline and the timing are what actually need planning.
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