File the 2013 Annual Information Return (AIR) Today!

Log in to Licensing Link to access the online form in English.  If you require the form in French, please contact FSCO at 1-800-668-0128 (toll-free) or (416) 250-7250.
 
Online resources available to help you with your filing are the 2013 AIR Questions for Mortgage Administrators and the Frequently Asked Questions on the AIR.
 
Even if the administrator did not do any business in 2013, the mortgage administrator is still required by law to file the 2013 AIR.    
 
If the administrator did not do any business in 2013, does not have any trust account and does not have any plans to continue the mortgage administration activities, the mortgage administrator can apply to surrender the mortgage administrator licence, subject to Superintendent’s approval. For more information, please contact FSCO by email at contactcentre@FSCO.gov.on.ca.
 

The 2013 AIR must be submitted by March 31, 2014

 
Mortgage administrators that fail to submit the AIR by March 31, 2014 may be required to pay an administrative monetary penalty of $1,000.  Non-compliance increases FSCO's regulatory costs and impacts the fees that all licensees pay.
 

Filing the AIR is a mandatory legal requirement

 
Each mortgage administrator is required to complete and submit the required AIR no later than March 31st of each year.  This is a requirement for all licensed mortgage administrators under Ontario Regulation 193/08 - Reporting Requirements for Licensees [New Window] and section 29 of the Mortgage Brokerages, Lenders and Administrators Act, 2006 [New Window] (MBLAA).
 
The AIR is designed to collect information from mortgage administrators about their business practices, internal controls and market conditions.  The information will be used to assist the FSCO in its risk assessment and oversight of mortgage administrators.  The reporting period is January 1 to December 31, 2013.
 
Electronic filing (e-filing) of the AIR is mandatory in accordance with the Superintendent's Rule governing the filing of the AIR.

 
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