RENEWING OR REINSTATING YOUR BCFSA REGISTRATION
RENEWAL / REINSTATEMENT REQUIREMENTS ON OR AFTER APRIL 1, 2023:
Mortgage brokers will need to complete:
- Legal Update from BCFSA
- Anti-Money Laundering for Mortgage Brokers Course from MBIBC – mandatory for BCFSA renewals and reinstatements between April 1 2022 and March 31 2024
*If you have questions about RENEWAL / REINSTATEMENT EDUCATION REQUIREMENTS, please contact BCFSA by telephone 604-660-3555 or email education@bcfsa.ca.
You will need to include, in your renewal/reinstatement application within the IRIS portal, information on the courses you completed.
Renewal applications can take up to 2 weeks to process, so be sure to leave yourself enough time.
NEWS:
BCFSA FAQ Regarding Update in Education
FAQ: Updates to Continuing Education Requirements for Mortgage Brokers(April 2023, and Beyond)
Read the FAQs here
BCFSA AML Update
Updates to Continuing Education Requirements for Mortgage Brokers
Read the notice here
New users: if you have been registered as a Mortgage Broker in BC for less than two years, you might not have an MBIBC education account set up yet. To create a new account click here
Alert: Do not create a duplicate account. Courses taken under a duplicate account might not be deemed as applicable for your license renewal. This can cause renewal issues and delays. If you’re unsure about your account status, call our office at 604-559-5161
Contacting the regulator: The regulation of Mortgage Brokers is overseen by the BC Financial Services Authority (BCFSA). To learn more about BCFSA, visit bcfsa.ca, call 604-660-3555 or email mortgagebrokers@bcfsa.ca.
Please note that the Mortgage Brokers Institute of British Columbia (MBIBC) is not the industry regulator. MBIBC simply offers educational courses to Mortgage Brokers, many of which can be used to satisfy the regulator’s ongoing education requirements.
