Your mortgage broker or agent licence will expire on March 31, 2016. If you want to conduct mortgage brokering activities after this date, you need to:
- Complete the mandatory 2016 Ontario continuing education course for mortgage brokers and agents by March 31, 2016; and
- Submit an application to renew your licence between February 1 and March 31, 2016.
These requirements apply to all mortgage brokers and agents in Ontario. This includes principal brokers of mortgage brokerages, agents that are employed by finance companies, and anyone who has recently obtained a new mortgage broker or agent licence.
If You Do Not Plan to Renew Your Licence
If you do not plan to renew your mortgage broker or agent licence by March 31, 2016, you do not need to complete the 2016 Ontario Continuing Education Course for Mortgage Brokers or Agents. In this situation, you should instruct your principal broker not to initiate a licence renewal application for you in Licensing Link. In addition, you should pursue one of the following options:
If you need assistance in determining which option is best for you, please speak to your mortgage brokerage’s principal broker.