Financial and Consumer Affairs Authority of Saskatchewan

FCAA is Saskatchewan’s financial and consumer marketplace regulator.

Consumers hiring Mortgage Brokers, Administrators, Associates and Brokerages

  • Consumers hiring a Mortgage Brokerages, Administrator, Brokers and Associates

    Thinking about buying a house or a condo is a big step. Securing a mortgage is one of the biggest financial decisions you will make.

    For information about mortgage brokers, associates, administrators and brokerages select from the options below.

     

     


    What to know when getting a mortgage

    Before obtaining a mortgage, it’s important to think about the risks:

    • Affordability – can you make the payments, keeping in mind your monthly costs such as taxes, utilities and other loan commitments?
    • Terms – does a fixed or variable interest rate work for you?
    • Pre-payment options
    • Late payment penalties
    • Renewal fees

    Mortgage brokers and associates work with banks and lenders to find a mortgage that works for you. They assess and compare mortgages, explain the application and approval process, and complete documentation.

    When looking for a mortgage broker, ask the following questions:

    If you are having problems with your mortgage broker, you should raise your concerns with the broker’s brokerage. If your concern is not addressed, you can contact the Consumer Credit Division of the Financial and Consumer Affairs Authority at (306) 787-6700 or fid@gov.sk.ca

     

    List of licensed Mortgage Brokerages,  Administrators, Brokers and Associates
     


     

    File of complaint

    The Mortgage Brokerages and Mortgage Administrators Act describes the responsibilities, obligations and powers of the Superintendent of Financial Institutions. One of the responsibilities of the Superintendent is to investigate consumer complaints against brokers, associates, mortgage brokerages and mortgage administrators.

    To register a complaint against a broker, associate, mortgage brokerage, or mortgage administrator, please complete the complaint form and return it to the address provided on the form.

    Please note that the licensing provisions of the Act do not apply to banks, credit unions, certain insurance companies, certain trust and loan corporations, provincial or federal Crown corporations, and members of the Law Society of Saskatchewan in the course of practicing as barristers or solicitors.

    For more information, please contact:

    Superintendent of Financial Institutions
    Consumer Credit Division
    Financial and Consumer Affairs Authority
    Suite 601, 1919 Saskatchewan Drive
    Regina, Saskatchewan S4P 4H2
    Phone: (306) 787-6700
    Fax: (306) 787-9006
    Email: fid@gov.sk.ca


     

    Disciplined Persons

    This section contains documents relating to actions taken, such as consent orders, decisions, administrative penalties and licence conditions.

     

    Consumer Credit Division

    Suite 601, 1919 Saskatchewan Drive

    Regina, Saskatchewan S4P 4H2

    Tel: (306)787-6700

    Fax: (306)787-9006

    Email: fid@gov.sk.ca

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