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Proposed MBLAA Changes

February 10, 2020 • Financial Industry, Real Estate Industry

The Mortgage Brokerages, Lenders, and Administrators Act (MBLAA) was recently reviewed by the Ministry of Finance — and came back with seven recommendations for change.

These recommendations focus on the areas of mortgage license classes, a registry for private lenders, monetary penalty maximums, and more.

On the Purview blogs, we are outlining the recommendations and what they mean for the Ontario mortgage industry. Read it here: https://www.purview.ca/proposed-changes-to-ontario-mortgage-broker-regulations/

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