Implementation Date Regulation
January 1, 2009
Cost of borrowing
Use of names and license numbers in public relations materials
Duty to verify customer’s identity
Disclosure re: roll and relationships of brokerage
Disclosure of fees receivable and payable
Suitability of mortgage and material risks
Conflicts of interest
Disclosure to borrowers in new format
Restriction on advance fees under $300,000
Policies and procedures
Agreements regarding non-monetary compensation
July 1, 2008
Licensing and education
Exemption for disclosure to dedicated class of investors
Use of authorized names
Complaints
Unlawful transactions
Restriction on tied selling
Disclosure brokerage’s relationships
Disclosure to private investors
Requirement to carry E&O insurance
Restrictions on payments to personal corporations
Restrictions on payments to non-licensed entities
Retention of records
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