The B.C. government is seeking public input on ways to strengthen consumer protection and ensure the Mortgage Brokers Act better reflects the current financial services market.

The Mortgage Brokers Act provides a framework for the registration and regulation of mortgage brokers in British Columbia. It was enacted in 1972 as consumer protection legislation. Although the act has been amended several times, the current financial services market has changed profoundly over the past forty years and further revision of the act may be warranted.

For more information on the Mortgage Brokers Act Consultation Paper and details on how to participate in the consultation process, visit: www.fin.gov.bc.ca/cep/fcsp/consultMBA.htm

The final date for submissions is Feb. 28, 2013.

Media Contact:

Jamie Edwardson
Communications Director
Ministry of Finance
250 356-2821