Renew a Mortgage Administrator Licence
Mortgage administrators need to renew their licence and pay a renewal fee each year they continue to operate. Renewal is due by 31 October each year.
You need a Mortgage Administrator Licence to act on behalf of an investor to receive mortgage payments from a borrower, make mortgage payments to the investor and monitor payment activity. Mortgage administrators also need a licence to do business in Nova Scotia.
Renewal notice
The Business Licensing Section sends the compliance officer a renewal notice by email before the renewal date. It’s your responsibility to renew on time.
Who can use this form
Mortgage administrators need to use this form to renew their licence.
The compliance officer (you designated the compliance officer when you applied for a Mortgage Administrator Licence) needs to complete the renewal form.
What you need to do
- Complete the renewal form online.
- Include payment with your form.
- Submit your completed form and payment.
How long it takes
It should take 2 weeks to update your records. It can take longer if more information is needed or if your form hasn’t been filled in correctly.
Cost
| Activity | Fee |
|---|---|
| Renewal | $600 |
Payment options
Credit card (Visa, Mastercard, American Express, Discover), debit card.
When you pay online you need to pay the fee by credit card (Visa, Mastercard, American Express, Discover, Visa Debit, Debit Mastercard).
Online
When you renew online you need to sign in.