Mortgage Brokerages, Lenders and Administrators Act (original) (raw)
The Mortgage Brokerages, Lenders and Administrators Act, 2006 (the Act) came into force on July 1, 2008, replacing Ontario's Mortgage Brokers Act, 1990, and requires all individuals and businesses who conduct mortgage brokering activities in Ontario to be licensed. The Act is currently administered by the Financial Services Regulatory Authority of Ontario. Notable changes with the new legislation include:
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| dbo:abstract | The Mortgage Brokerages, Lenders and Administrators Act, 2006 (the Act) came into force on July 1, 2008, replacing Ontario's Mortgage Brokers Act, 1990, and requires all individuals and businesses who conduct mortgage brokering activities in Ontario to be licensed. The Act is currently administered by the Financial Services Regulatory Authority of Ontario. Notable changes with the new legislation include: * restrict the use of the titles, "mortgage brokerage", "mortgage broker", "mortgage agent", and "mortgage administrator" (and their French equivalents) * application to real estate brokers who act as mortgage brokers in Ontario * adding regulatory oversight to mortgage brokers who administer mortgages on behalf of third parties * exemptions to educational requirements during the transition period for some individuals * two-year licensing cycles * introducing criteria for surrendering a license (en) |
| dbo:wikiPageExternalLink | http://www.e-laws.gov.on.ca/html/statutes/english/elaws_statutes_06m29_e.htm |
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| dbo:wikiPageLength | 2950 (xsd:nonNegativeInteger) |
| dbo:wikiPageRevisionID | 1115298576 (xsd:integer) |
| dbo:wikiPageWikiLink | dbr:French_(language) dbc:2006_in_Canadian_law dbc:2006_in_Ontario dbr:Financial_Services_Regulatory_Authority_of_Ontario dbr:Legislation dbc:Ontario_provincial_legislation dbc:Housing_legislation_in_Canada dbr:Real_Estate_and_Business_Brokers_Act dbr:Ontario dbr:Mortgage_brokers dbr:Real_estate_brokers |
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| dcterms:subject | dbc:2006_in_Canadian_law dbc:2006_in_Ontario dbc:Ontario_provincial_legislation dbc:Housing_legislation_in_Canada |
| rdfs:comment | The Mortgage Brokerages, Lenders and Administrators Act, 2006 (the Act) came into force on July 1, 2008, replacing Ontario's Mortgage Brokers Act, 1990, and requires all individuals and businesses who conduct mortgage brokering activities in Ontario to be licensed. The Act is currently administered by the Financial Services Regulatory Authority of Ontario. Notable changes with the new legislation include: (en) |
| rdfs:label | Mortgage Brokerages, Lenders and Administrators Act (en) |
| owl:sameAs | freebase:Mortgage Brokerages, Lenders and Administrators Act wikidata:Mortgage Brokerages, Lenders and Administrators Act https://global.dbpedia.org/id/4rjhD |
| prov:wasDerivedFrom | wikipedia-en:Mortgage_Brokerages,_Lenders_and_Administrators_Act?oldid=1115298576&ns=0 |
| foaf:homepage | http://www.e-laws.gov.on.ca |
| foaf:isPrimaryTopicOf | wikipedia-en:Mortgage_Brokerages,_Lenders_and_Administrators_Act |
| is dbo:wikiPageWikiLink of | dbr:List_of_housing_statutes dbr:Real_Estate_and_Business_Brokers_Act |
| is foaf:primaryTopic of | wikipedia-en:Mortgage_Brokerages,_Lenders_and_Administrators_Act |