Get Licensed in Newfoundland and Labrador

The Newfoundland and Labrador Mortgage Broker Course (NLMBC) is designed in line with the educational requirements established by the Superintendent of Mortgage Brokerages and Brokers under Section 6 of the Regulations.

Regulation Update: Newfoundland and Labrador

Newfoundland and Labrador regulators have updated their education requirements. The approved courses below must be completed by April 1, 2025. Individuals currently registered with the regulator have until June 30, 2025.

All mortgage brokers must complete the NLMBC
Brokerage owners must complete both the NLMBC and NLMBMC

To check your registration status please click here.

Mortgage Broker Course

The Newfoundland and Labrador Mortgage Broker Course (NLMBC) contains province-specific information including regulations, legislation, and business practices. The program was developed with the assistance of education experts and through extensive industry consultation. Once you've passed the final exam, you will be eligible to join a mortgage brokerage. You will submit your licensing application to Digital Government and Service NL.

This course is an online program, based on the 6th edition textbook Introduction to the Canadian Mortgage Industry. *Students must have a financial calculator to complete this course.

Below is a list of the eligibility requirements for licensing:

Be authorized by a Mortgage Brokerage to deal in mortgages.
Meet the mortgage education requirements.
Payment of the licensing fee.
Provide the required supporting information, including a completed criminal record check dated within 6 months of the date of application.

For more detailed information, please visit the Digital Government and Service NL licensing requirements page.

Students registered for the Broker course may opt to challenge the exam by emailing exams@mpc.ca. One attempt is permitted and the passing grade is 60%. Students that are unsuccessful on the Challenge Exam are required to complete all online modules to be eligible for the course exam.

Please review the Course and Cancellation Policies prior to registering.

E-TEXT

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$375

PRINTED TEXT

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$425

For more information on course policies, content and to review frequently asked questions, click on "More Details" for your desired registration option above.

Newfoundland and Labrador Mortgage Brokerage Management Course

The Newfoundland and Labrador Mortgage Brokerage Management Course (NLMBMC) is designed in line with the educational requirements established by the Superintendent of Mortgage Brokerages and Brokers under Section 6 of the Regulations. The program was developed with the assistance of education experts and through extensive industry consultation, ensuring that the curriculum aligns with actual practice.

This program has a different focus than the Newfoundland and Labrador Mortgage Broker Course (NLMBC) above – it is based on the skills and knowledge required to effectively supervise brokers and to ensure that the brokerage complies with all applicable rules. Upon completion of the program, you will be able to successfully act as the Principal Broker for your mortgage brokerage licence.

Completion of the Newfoundland and Labrador Mortgage Broker Course (NLMBC) is required prior to taking this course.

Below is a list of the eligibility requirements for mortgage brokerage licensing:

Proof of Errors and Omissions liability insurance.
Meet the mortgage brokerage education requirements.
Payment of the licensing fee.
Provide the required supporting information, including a completed criminal record check dated within 6 months of the date of application.

For more detailed information, please visit the Digital Government and Service NL licensing requirements page.

Please review the Course and Cancellation Policies prior to registering.

ONLINE

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$495

For more information on course policies, content and to review frequently asked questions, click on "More Details" above.