10-09-2019, 02:57 AM
The final recommendation called for the development of Registered Credit and Compliance Holders (RCCH), which would continue to aggregate mortgage brokers and lenders but also be responsible for the behaviour and compliance of its aligned mortgage broker network. Be responsible for compliance of all mortgage brokers who use the aggregator to assist with their mortgage broking operations, regardless of whether the mortgage broker is a credit representative under the aggregator’s ACL.