Ontario mortgage professionals have some flexibility in how they full their CE hours, however not each course will make the reduce.
In a webinar held Wednesday, David Ha, FSRA’s Senior Supervisor of Regulatory and Credentialing Oversight, outlined the foundations for each Conduct and Skilled Growth CE, stressing the significance of staying on high of those necessities to keep up compliance and uphold business requirements.
No reporting necessities for conduct CE
The Conduct part is obligatory for all licensees and have to be accomplished by certainly one of three accredited suppliers, together with Mortgage Professionals Canada.
Brokers are required to finish a five-hour course, whereas brokers should full seven hours in whole. These programs are designed to bolster compliance with the Mortgage Brokerages, Lenders and Directors Act (MBLAA) and its laws, whereas additionally sustaining and elevating general skilled requirements within the business.
Since Conduct CE is delivered by FSRA-recognized associations, particular person licensees don’t must report completion on to FSRA. Verification is dealt with by the accredited course supplier.
Extra flexibility and duty for skilled CE
FSRA’s Skilled Growth part requires brokers and brokers to finish 10 hours of technical schooling earlier than the top of the present CE cycle on March 31, 2026.
In contrast to Conduct CE, these programs should not accredited or accredited by FSRA. As an alternative, FSRA gives pointers to assist licensees decide if a selected course qualifies. Acceptable programs should deal with the technical points of mortgage brokering, comparable to assessing shopper wants, understanding authorized or regulatory adjustments, or staying knowledgeable on anti-money laundering (AML) obligations.
Advertising and marketing, sales-driven, company-specific, or networking-focused matters don’t qualify and can’t be counted towards your CE hours.
“For instance, attending a full-day convention that features 5 hours of regulatory updates and three hours of networking would solely permit you to rely the 5 technical hours towards your CE whole,” stated Ha.
Licensees are additionally answerable for sustaining their very own data for Skilled CE. FSRA requires the next particulars on the time of licence renewal:
- Course identify
- Course supplier
- Variety of CE hours
- Date of completion
FSRA recommends holding these data for at the very least 4 years past the top of the present cycle. CE hours can’t be claimed if these particulars are lacking, if the course was repeated or failed, or if the licensee participated as an teacher or instructor.
Q&A overview
Throughout a Q&A session, Ha took the time to handle a number of commonly-asked questions from brokers and brokers:
- Group viewings of webinars or coaching periods can’t contribute towards CE necessities except every particular person attendee can confirm their participation.
- License class on the time of renewal determines your CE obligations. If a mortgage agent turns into a dealer earlier than the renewal date, they’ll be required to fulfill the seven-hour conduct CE requirement for brokers.
- Programs with out acknowledged durations can’t be counted. If course suppliers don’t specify the size or different required data, FSRA gained’t settle for them in direction of your CE hours.
- Employer-provided AML coaching could qualify, however provided that the content material is aligned with mortgage brokering practices and technical points. Firm-specific product coaching doesn’t qualify.
Staying compliant
FSRA stories a gentle rise in licensees in Ontario 12 months over 12 months, reflecting a quickly increasing sector that now consists of practically 3,000 brokers and greater than 14,000 brokers.
With a agency deadline of March 31, 2026, the regulator has made it clear that no exceptions can be granted for incomplete or non-compliant CE submissions. Whereas there’s flexibility in how licensees full their skilled CE, FSRA expects them to be each proactive and nicely organized in assembly their necessities for compliance.
If you happen to’re uncertain whether or not a course qualifies, FSRA strongly encourages reviewing its web site for extra data.
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Final modified: Might 7, 2025
