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Responsibilities | Mortgage Brokers
Overview
Current Industry Events
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The Mortgage Broker Electronic
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The Role of the Registrar of Mortgage Brokers
The Registrar of Mortgage Brokers is responsible for registering mortgage brokers under the Mortgage Brokers Act (the "Act"). The Registrar makes sure that mortgage brokers meet the requirements of the Act, and have educational standards set out in the Policy Statements. The Registrar also has the power to investigate a complaint about a breach of the Act or the regulations.
The Registrar of Mortgage Brokers does not assess the risks of an investment, vet investment documentation, or check the qualifications of principals. The Registrar can not disclose if a mortgage broker is under investigation. The office of the Registrar of Mortgage Brokers plays no role in insuring investments or the recovery of investors' funds.
All mortgage investments carry risk. You should satisfy yourself that the risks associated
with a mortgage are worth the return if you are thinking of investing in a mortgage. Please
refer to the Form 9 supplied to you by your mortgage broker for further details.
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