Mortgage brokers review self-regulation

A working paper has been circulated throughout the mortgage broking industry which discusses standardised laws for regulating brokers. The document is expected to set the agenda for a national industry meeting scheduled for March; it covers issues such as commissions, self-regulation, registration, licensing and the barring of brokers who breach laws. Other issues covered include a potential code of conduct, background checks, education and professional indemnity insurance.

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