The Financial Services Commission of Ontario's (FSCO) records indicate that approximately 1000 mortgage agents were issued conditional licences in 2008.  

If you have a conditional mortgage agent licence, please be aware that you must successfully complete an approved mortgage agent course by June 30, 2009. If you do not meet this education requirement by June 30, 2009, you will no longer be authorized to deal or trade in mortgages after that date.

How to find a mortgage agent course provider

If you still need to complete a mortgage agent course, please review the list of approved mortgage agent education programs.

Your principal broker may require proof

Under Ontario Regulation 410/07 your principal broker must:

• Take reasonable steps to ensure that each mortgage agent complies with all of the requirements under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (the Act); and
• Deal with any contraventions of the Act.

To comply with this regulation, your principal broker may require proof that you have passed an approved mortgage agent course.

Questions?

If you have a question regarding this education requirement, please refer to the FAQs on the Education Requirement for Mortgage Agents with Conditional Licences.