Mortgage Legislation

Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA)

Mortgage Agents and Brokers are playing an increasing role in helping consumers with their borrowing needs. More consumers are using brokers to find a mortgage and many financial institutions use Mortgage Brokers to reach their market. About 30 per cent of first-time homebuyers are using the services of Mortgage Brokers.

As a result, in 2006 the Ontario government updated the licensing requirements for Mortgage Agents and Brokers to improve consumer protection and meet the needs of consumers in a fair and effective manner. The new Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA) came into effect on July 1, 2008.

View the Mortgage Brokerages, Lenders and Administrators Act, 2006

The Interest Act

The Interest Act is Federal legislation that applies across Canada. It specifies the acceptable application of interest on loans and mortgages.

View the Interest Act

The Mortgages Act

The Mortgages Act is one of the pieces of legislation that regulates conditions for mortgage contracts in Ontario.

View the Mortgages Act