Tag: mortgage administrator

12 Feb

How to rely on the available exemptions in the Province of Ontario from the requirements to be licensed under the Mortgage Brokerages, Lenders and Administrators Act.

In Ontario, Dealing, Trading, Lending and Administering mortgages are all regulated activities, which requires licensing under the Mortgage Brokerages, Lenders and Administrators Act (the “Act”), as...

25 Oct

Do Private Lenders need a brokerage license to lend in Ontario?

Do Private Lenders need a brokerage license to lend in Ontario? The Mortgage Brokerages, Lenders and Administrators Act, 2006 establishes that anyone acting as a mortgage lender...

7 Jul

A MIC does not simply allow you to raise money from the public!

Mortgage Investment Corporations ("MICs") are on the rise in Canada. With many of these MICs the founders and managers are confused over what regulators may or...