logo
Mortgage Broker Regulators' Council of Canada
mbrcc-ccarch@fsrao.ca (416) 590-7193 Login Français
  •   Home
  • About MBRCC
    2020-2023 Strategic Plan Members Guiding Principles FAQs Newsletters Contact Us
  • Current Initiatives
    COVID-19 Working Group Emerging Issues Committee Licensing Education Standards Implementation Committee National Standards Committee Private Lending Committee
  • For Industry
    Competencies and Curriculum Mortgage Product Suitability Licensing Education Standards Licensing Information Tool Anti-Fraud Resources for Industry
  • For Consumers
    Know your Mortgage Risks & Responsibilities Working with a Mortgage Broker Being a Responsible Borrower Understanding your Mortgage Contract Be Aware of Other Risks Mortgage Product Suitability Anti-Fraud Resources for Consumers Further Reading
  • Disciplinary Database

MBRCC endorses National Code of Conduct for mortgage broker professionals


TORONTO – The Mortgage Broker Regulators’ Council of Canada (MBRCC) has published a new Code of Conduct (“Code”) for mortgage broker professionals.

In its 2020-2023 Strategic Plan the MBRCC identified enhancing consumer confidence and establishing appropriate industry practice and education standards as strategic priorities Today’s announcement marks a significant milestone toward the fulfillment of these priorities.

MBRCC consulted with the Canadian Mortgage Brokers’ Association (CMBA) and Mortgage Professionals Canada (MPC) on the development of the Code and the Code will be used by their membership.

The Code was finalized following consultation with industry in late 2020 and early 2021. A summary of the feedback received can be accessed here: PDF icon  MBRCC Code of Conduct Consultation Feedback

The Code reflects the common regulatory standards in Canada’s mortgage brokering industry, while recognizing that each jurisdiction has its own regulatory approach for the conduct of business. Mortgage brokers should conduct their business following these common principles, while ensuring compliance with all applicable laws, regulations, rules or regulatory codes within their respective jurisdiction. Any stricter or more specific requirements, rules or standards of conduct take priority over the Code.

PDF icon  MBRCC Code of Conduct for the Mortgage Brokering Sector

About the Mortgage Broker Regulators’ Council of Canada:
The MBRCC is comprised of regulators across Canada responsible for administering mortgage broker legislation and regulating the industry in their respective jurisdictions. The MBRCC provides Canada's mortgage broker regulators with a forum to work cooperatively, better share information and coordinate engagement of stakeholders to identify trends and develop solutions to common regulatory issues.



Copyright © 2022