Regulation - LGIC

Mortgage Brokerages, Lenders and Administrators Act, 2006: A Consultation Draft of Regulations

Regulation Number(s):
191/08
192/08
190/08
407/07
411/07
189/08
408/07
188/08
409/07
187/08
410/07
406/07
193/08
Instrument Type:
Regulation - LGIC
Bill or Act:
Bill 65
Summary of Decision:
This consultation was part of a larger legislative review which culminated in the coming into force of an amended Act and regulations on July 1, 2008.
Further Information:
Proposal Number:
06-MOF005
Posting Date:
November 17, 2006
Summary of Proposal:
The Ministry of Finance is conducting consultations with stakeholders and inviting input from the public on draft regulations under the Mortgage Brokerages, Lenders and Administrators Act, 2006. While this act sets out the new framework for regulating the mortgage brokerage industry, many of the detailed and specific rules are to be developed and described in the regulations.

As a result, the Ministry is releasing the following draft regulations for consultation:
- Additional Regulated Activities
- Exemptions from the Requirements to be Licensed
- Mortgage Brokerages - Licensing
- Mortgage Brokers and Agents - Licensing
- Mortgage Administrators - Licensing
- Principal Brokers
- Standards of Practice - Mortgage Brokerages
Contact Address:
Luba Mycak
Manager
Industrial & Financial Policy Branch
Ministry of Finance
777 Bay Street, 10th Floor
Toronto, ON M5G 2C8
Tel: (416) 326-9227
Fax: (416) 327-0941
Effective Date:
July 1, 2008
Decision:
Approved