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Conditionally licensed mortgage agents were informed of the education requirement and deadline on the mortgage agent licence application. FSCO also sent out reminders to these agents and their principal brokers through its Mortgage Broker e-Info
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In order to ensure that all mortgage agents have successfully passed an approved mortgage agent course, FSCO will: • Ask principal brokers to sign a declaration form, which states that all of the brokerage’s mortgage brokers and agents are
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No. As of March 31, 2010, FSCO’s Pension Plans Branch is only accepting electronic files for AIRs. Other types of submissions, such as financial statements and Pension Benefits Guarantee Fund Assessment Certificates, must still be submitted in
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FSCO wants to improve the AIR filing process for Pension Plan Administrators. Pension Plan Administrators have three options for submitting their AIRs: electronically via an online form, electronically in XML format, or in paper format. Both
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Seneca does not provide referrals to Toronto area hotels; however Seneca does have its own Residence that is located right on the Newnham Campus. For more information please contact the Seneca College Residence and Conference Centre at 416.491.8811.
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One approach is to carefully evaluate the intent of your material or advertising activity and to consider whether any aspect of it could appear, to a reasonably informed individual, to be false or so incomplete to be misleading.
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An administrative monetary penalty may be imposed under section 39 of the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA), and in accordance with Ontario Regulation 192/08, in order to: • promote compliance with the requirements
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To ensure all licence applicants are suitable to deal with the public, FSCO conducts criminal background checks (CPIC) during the application process, and reviews each applicant’s professional and educational background to ensure they meet the Act’
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A licensed Mortgage Brokerage that is owned or associated with a bank is required to comply with the Mortgage Brokerages, Lenders and Administrators Act, 2006 and regulations.
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Disclosure forms are being developed by Mortgage Brokerage industry associations: the Canadian Association of Accredited Mortgage Professionals and the Independent Mortgage Brokers Association, as well as service providers: Filogix and Marlborough
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