FICOM - Responsibilities | Mortgage Brokers | REGISTRATION APPLICATION & LATE FILING FEES

Responsibilities | Mortgage Brokers
Registration Requirements

Applicants who are Currently Licensed as Mortgage Associates or Brokers in Alberta

An individual applicant for mortgage broker or submortgage broker registration who is currently licensed as a mortgage associate or broker in Alberta by the Real Estate Council of Alberta may apply for registration as a submortgage broker in British Columbia by submitting the following to the Registrar:

for submortgage broker registration: a submortgage broker application for registration with all required exhibits and fees.

for mortgage broker registration: a mortgage broker application with all required exhibits and fees. Please be aware that in order to qualify for mortgage broker registration, an individual must have at least two recent years of licensing history as a mortgage associate or broker in Alberta or elsewhere

an original copy of his or her licensing history and disciplinary record from the Real Estate Council of Alberta;

a complete and duly sworn statutory declaration wherein the applicant declares that he or she has read and understood

the Mortgage Brokers Act , the Mortgage Brokers Act Regulations, Part V of the Business Practices and Consumer Protection Act and

the requirements for providing conflict of interest disclosure, as set out in sections 17.3 to 17.5 of the Mortgage Brokers Act, and sections 13 and 14 of the Mortgage Brokers Act Regulations;

the requirements for providing investor/lender disclosure, as set out in sections 17.1 and 17.2 of the Mortgage Brokers Act, and section 16 of the Mortgage Brokers Act Regulations;

the requirements for providing cost of credit disclosure, as set out in Part V of the Business Practices and Consumer Protection Act and Disclosure of the Cost of Consumer Credit Regulation;

the prohibition against making false statements, as set out in section 14 of the Mortgage Brokers Act;

the requirements for providing administration agreements, as set out in section 14.1 of the Mortgage Brokers Act;

all bulletins of the Registrar;

the Conditions of Registration; and

any other information posted by the Registrar.



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