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Can I collect fees for mortgages I previously arranged, or start new deals while the mortgage brokerage’s licence is suspended?

April 26, 2017arranged brokerage collect Deals fees mortgage mortgages

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Can I collect fees for mortgages I previously arranged, or start new deals while the mortgage brokerage’s licence is suspended?

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You can collect fully earned fees from previously arranged mortgage transactions, as this activity is not considered arranging, dealing or trading in mortgages. However, the mortgage brokerage cannot complete mortgage transactions that are currently in progress. Nor can it accept any new business.