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O. Reg. 184/08: Mortgage Brokers and Agents: Licensing
filed June 6, 2008 under Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c. 29
Skip to contentontario regulation 184/08
made under the
mortgage brokerages, lenders and administrators act, 2006
Made: June 4, 2008
Filed: June 6, 2008
Published on e-Laws: June 9, 2008
Printed in The Ontario Gazette: June 21, 2008
Amending O. Reg. 409/07
(Mortgage Brokers and Agents: Licensing)
1. Ontario Regulation 409/07 is amended by adding the following section:
Expiry of Brokers’ and Agents’ Licences
Expiry date for licences
8.1 (1) In this section,
“two-year licensing cycle” means the two-year period that begins on April 1, 2010 and ends on March 31, 2012 and each successive two-year period thereafter.
(2) A mortgage broker’s licence or mortgage agent’s licence that takes effect at the beginning of a two-year licensing cycle or at any time during the licensing cycle expires at the end of the licensing cycle.
(3) A mortgage broker’s licence or mortgage agent’s licence that takes effect on or after July 1, 2008 and before April 1, 2010 expires on March 31, 2010.
2. This Regulation comes into force on July 1, 2008.