British Columbia Introduces Credit Freeze Protections to Help Prevent Fraud
New amendments will give consumers stronger tools to help prevent fraud and improve control over access to their credit files. The Canadian Association of Private Lenders (CAPL) welcomes British Columbia’s introduction of credit freeze protections for consumers through the Business Practices and Consumer Protection Amendment Act (No. 2) (Bill 28), which received Royal Assent on […]
Why a Mortgage Broker Cannot Directly Hire a Licensed Assistant in British Columbia and What to Do Instead
In British Columbia, mortgage brokers often want to build more efficient practices by adding licensed support. That may be true whether the broker operates personally or through a personal mortgage corporation (“PMC”). The commercial goal is straightforward. If a licensed assistant can help manage files, support clients, and assist with mortgage work, the lead broker […]