Nova Scotia - Get Mortgage Broker License

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Procedure

Apply Online:

1. To apply for a Mortgage Broker License, the applicant can approach the Nova Scotia Government. Here is the contact Link
2. The applicant will need to fill out an application form. Click on the following link to the online form Link
   • On the login page, click on the “Register as a new user” option.
   • Enter email address and password and other information when prompted.
   • Enter other information when prompted.
   • The applicant will receive a pop-up confirmation that their account has been created. the applicant will also receive an email confirmation.
   • The applicant can now log in to their account.
3. Fill out the application form with all the relevant details.
4. Attach documents as mentioned under the “Required Documents” section of this page.
5. The applicant will need to send in information proving that they have completed an approved course.
6. The applicant will have to make a fee payment. Find further information under the “Fees” section of this page.
7. The applicant will need to undergo a criminal record check.
8. Submit the application form to the registrar’s office.
9. The application will be processed within a few weeks from the submission of the application.

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Required Documents

• Registry ID
• Location of company’s financial records in Canada
• Criminal record check Link
• Proof of errors and omissions insurance that provides extended coverage for loss resulting from fraudulent acts

Office Locations & Contacts

Mailing address: PO Box 1529, Halifax NS B3J 2Y4
Phone: 902-424-5200
Toll-free: 1-800-670-4357
Fax: 902-424-0602
General enquiries: [email protected]
Mortgage licensing enquiries: [email protected]
Contact Link

Eligibility

• The company must be registered with the Registry of Joint Stock Companies.
• The applicant needs to apply for a Mortgage Broker Licence for the principal broker at the same time that they apply for a Mortgage Brokerage Licence.

Fees

• The applicant will need to pay a fee of 300$.

Validity

• The license needs to be renewed on the 1st of November every year.

Documents to Use

Please attach documents that can be used by other people. e.g. Links.

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• It takes a few weeks to process the application.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since January 1908.

Required Information

• Name
• Business or trade
• Head office address
• Postal code
• Telephone number
• Email
• Business address(es) in Manitoba from which the applicant intends to carry on business as a mortgage broker
• Name of financial institution
• Trust account number
• Signature

Need for the Document

• A mortgage broker arranges mortgages for a brokerage company, a person is legally required to obtain a license before practising. This document proves that the applicant is licensed.

Information which might help

• Information Link

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Place some external links which might help.

Others

More information which might help people.