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Changes to Mortgage Broker Continuing Education

In January 2023, BC Financial Services Authority (“BCFSA”) will launch a new required continuing education course for mortgage brokers: Legal Update. This course, developed and delivered by BCFSA, will replace the Regulatory Update course provided by the Mortgage Brokers Institute of British Columbia (“MBIBC”) as a required course for registration renewal or reinstatement, effective April 1, 2023.

The current requirements for mortgage brokers to complete Regulatory Update, Anti-Money Laundering for Mortgage Brokers, and one elective module will remain in effect for individuals with a renewal date up to and including March 31, 2023.

To learn more about the upcoming changes, please review: 

News releases

BCFSA Releases Annual Consumer Complaints and Investigations Report

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Transition to New Mortgage Services Act Begins Following Government Approval of Rules and Regulation

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Mortgage Professionals Canada – Fireside Chat with BCFSA CEO, Tolga Yalkin

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Mortgage Broker Ordered to Pay $35,000 for Failing to Report Misleading Mortgage Applications Submitted on His Behalf

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