D-9.2, r. 13.2 - Regulation respecting the compulsory professional development of mortgage brokers

Section 4 Disposition versions

2020-05-01

4. A mortgage broker must, for any reference period, take part in professional development activities recognized by the Authority and accumulate at least 24 PDUs as follows:

(1)  21 PDUs related to training activities included among the following subjects:

(a)  the legislative and regulatory framework for the pursuit of activities as a mortgage broker;

(b)  ethics, professional conduct and professional practice of mortgage brokers;

(c)  keeping of records and registers;

(d)  developments in the mortgage market;

(e)  financing products secured by immovable hypothec or the underwriting standards for such products;

(f)  mortgage brokerage;

(g)  personal and business accounting;

(h)  individual and business credit;

(i)  mortgage insurance;

(j)  risk management;

(k)  prevention of fraud or money laundering;

(l)  new technologies associated with mortgage broke-rage, financial services or financial technologies;

(m)  firm start-up and management;

(n)  management of human, material, information or financial resources;

(2)  3 PDUs related to training activities pertaining to compliance with standards, ethics and professional conduct or professional practice pertaining to the pursuit of mortgage brokerage activities.

M.O. 2020-01, s. 4.

Not in force

In force: 2020-05-01

4. A mortgage broker must, for any reference period, take part in professional development activities recognized by the Authority and accumulate at least 24 PDUs as follows:

(1)  21 PDUs related to training activities included among the following subjects:

(a)  the legislative and regulatory framework for the pursuit of activities as a mortgage broker;

(b)  ethics, professional conduct and professional practice of mortgage brokers;

(c)  keeping of records and registers;

(d)  developments in the mortgage market;

(e)  financing products secured by immovable hypothec or the underwriting standards for such products;

(f)  mortgage brokerage;

(g)  personal and business accounting;

(h)  individual and business credit;

(i)  mortgage insurance;

(j)  risk management;

(k)  prevention of fraud or money laundering;

(l)  new technologies associated with mortgage broke-rage, financial services or financial technologies;

(m)  firm start-up and management;

(n)  management of human, material, information or financial resources;

(2)  3 PDUs related to training activities pertaining to compliance with standards, ethics and professional conduct or professional practice pertaining to the pursuit of mortgage brokerage activities.

M.O. 2020-01, s. 4.