Renew a Mortgage Brokerage Licence, Associate Mortgage Broker Licence and Mortgage Broker Licence
Mortgage brokerages 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 Brokerage Licence to employ mortgage brokers and associate mortgage brokers to act as an intermediary between a borrower and lender for a mortgage. Mortgage brokerages also need a licence to do business in Nova Scotia.
Mortgage brokers and associate mortgage brokers
When you renew a Mortgage Brokerage Licence, you can also renew the licences of your employed mortgage brokers and associate mortgage brokers.
Renewal notice
The Business Licensing Section sends the principal broker a renewal notice by email before the renewal date. It’s your responsibility to renew on time.
Who can use this form
Mortgage brokerages need to use this form to renew their licence.
The principal broker (you designated the principal broker when you applied for a Mortgage Brokerage 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 (once your licence is renewed a PDF of your licence is available in your account). It can take longer if more information is needed or if your form hasn’t been filled in correctly.
Cost
| Activity | Fee |
|---|---|
| Associate Mortgage Broker Licence Renewal | $300 |
| Mortgage Brokerage Licence Renewal | $600 |
| Mortgage Broker Licence Renewal | $300 |
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.