Here’s what you need to know of the proposed bill.
Have you heard the newly proposed best interest duty of obligation on mortgage brokers?
If you are a client of a mortgage broker, you need to be aware of what the new bill is proposing and what it means for you.
To give you a heads up here is one of the snippets from the draft bill, “Any recommendations made could be expected to be based on consumer benefits rather than benefits that may be realised by the broker (such as commissions).”
This is just one of the many things that you need to look forward to with the proposed bill.
To know more about the bill and its implications, click here.
If you have questions, contact us.