The Financial Services Commission of Ontario (FSCO) is providing the statistics below in order to keep the mortgage brokering industry up-to-date on:
Principal brokers need to be aware that all mortgage broker and agent licences will expire on March 31, 2018, unless an application for a licence renewal is submitted to FSCO through Licensing Link.
If the principal broker does not submit licence renewal applications for the mortgage brokerage's agents and brokers by March 31, 2018:
- The mortgage brokers' and agents' licences will expire on March 31, 2018.
- The mortgage brokers and agents will not be authorized to deal or trade in mortgages after March 31, 2018.
- The mortgage brokers and agents will need to apply for a new licence and pay the new applicant fee, if they wish to conduct mortgage brokering activities.
Note: The deadline for submitting licence renewal applicationsfor FSCO is March 31, 2018.
2018 Mortgage Licence Renewal Tracking Report
Statistcis will be posted in March 2018.