Mortgage Broker Licence: Moving from Newfoundland and Labrador to Saskatchewan
The short answer
Direct transfer
An individual licensed in another Canadian jurisdiction with a substantially equivalent authorization is exempt from the Canadian residency requirement and the mortgage broker education and experience requirements. Source
“An individual is exempt from the Canadian residency requirement and the mortgage broker education and experience requirements if they hold an authorization that is substantially equivalent to the Saskatchewan licence:”
fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers
Both provinces
| Licensed in Newfoundland and Labrador | Moving to Saskatchewan | |
|---|---|---|
| Licence status | Licence required | Licence required |
| Regulator | Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers) | Financial and Consumer Affairs Authority |
| Guide | Mortgage broker in Newfoundland and Labrador | Mortgage broker in Saskatchewan |
Steps to transfer
Not stated by the regulator Check with Financial and Consumer Affairs Authority
Processing time: Not stated by the regulator Check with Financial and Consumer Affairs Authority
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