This is part of an archived statute consolidation that is current to May 14, 2001 and includes changes enacted and in force by that date.

"Point in Time" Act Content

MORTGAGE BROKERS ACT
[RSBC 1996] CHAPTER 313

NOTE: Links below go to act content as it was prior to the changes made on the effective date.
SECTION EFFECTIVE DATE
12 January 1, 2001

Section 12 BEFORE changes were made by 1998-7-5 effective January 1, 2001 (BC Reg 192/00).

Deemed registration

12 (1) Subject to subsection (3), a person who holds a valid and subsisting licence under the Real Estate Act or registration under the Securities Act is deemed registered under this Act as a mortgage broker or submortgage broker.

(2) A person who is deemed a mortgage broker or submortgage broker under subsection (1) must, at the request of the registrar, file with the registrar information the registrar requires under this Act.

(3) The registrar may order, with respect to any person, that subsection (1) does not apply.

Copyright (c) 2001: Queen’s Printer, Victoria, British Columbia, Canada