Mortgage Broker Licence: Moving from Nova Scotia to Newfoundland and Labrador
The short answer
Extra steps
Applicants who completed a training program in another Canadian jurisdiction are exempt from the NLMBMC or NLMBC only if the program was approved by the other jurisdiction's regulator, they provide proof satisfactory to the Superintendent, and the Superintendent is satisfied the training is equivalent to or exceeds the NLMBMC or NLMBC. Source
“Applicants for a mortgage brokerage or broker licence who has successfully completed a training program in another jurisdiction in Canada is not required to complete the NLMBMC or NLMBC where the training program has been approved by the regulator of mortgage brokers and brokerages in the other jurisdiction; the person provides proof, satisfactory to the Superintendent, of successful completion of the training program; and the Superintendent is satisfied that the training program provides training that is equivalent to or exceeds the level of training provided in the NLMBMC or NLMBC.”
gov.nl.ca/gs/mortgage-broker-reg/educational-requirements
Both provinces
| Licensed in Nova Scotia | Moving to Newfoundland and Labrador | |
|---|---|---|
| Licence status | Licence required | Licence required |
| Regulator | Business Licensing Section, Service Nova Scotia (Government of Nova Scotia) | Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers) |
| Guide | Mortgage broker in Nova Scotia | Mortgage broker in Newfoundland and Labrador |
Steps to transfer
Not stated by the regulator Check with Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers)
Processing time: Not stated by the regulator Check with Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers)
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