Mortgage brokers who have an inactive licence may be able to apply to reinstate their licence, with the Financial Services Regulatory Authority of Ontario (FSRA). The process differs depending on how many years the licence has been inactive.

About the reinstatement

If your mortgage broker licence expired less than two years ago, you can apply to have it reinstated. If your licence expired more than two years ago, you will need to apply for a new mortgage agent licence. After at least two years as a mortgage agent, you can apply to re-qualify as a mortgage broker. In both cases, your brokerage will need to submit the application.

To check your licence expiry date, please visit the public registry. Please note that licences that expired more than two years ago are not displayed in the public registry. If your licence is not visible on the public registry, you will need to apply as a new mortgage agent.

Ready to reinstate (less than two years)?

To apply for your licence reinstatement within the two-year period since it expired, your brokerage must initiate your application. A reinstatement application will be sent to you via email.

The fee for reinstating your mortgage broker licence is $941. The fee will be prorated based on the month in which your reinstatement application is submitted. For more information on fees, please review FSRA's Fee Rule [PDF].

Ready to requalify as a new agent (more than two years)?

If your mortgage broker licence expired more than two years ago, you must apply as a new mortgage agent. Before you apply, you must complete a mortgage agent course within 24 months of this application. Your brokerage must initiate your application.

You can apply for a mortgage broker licence, after being licensed as a mortgage agent for at least 24 months during the 36-month period before your application. There are no exceptions to these rules.

Please review how to become a mortgage agent or how to become a mortgage broker for more information.