On January 1, 2016, all mortgage brokerages, administrators, brokers and agents in Ontario must ensure they are compliant with the amended regulations under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA):
These updated regulations will go into effect on January 1, 2016.
What You Need to Do
To make sure you are meeting these new requirements, the Financial Services Commission of Ontario (FSCO) recommends you: