Which authority regulates mortgage broker and associate activity in Saskatchewan?

The regulation of mortgage broker and associate activity in Saskatchewan falls under the Financial and Consumer Affairs Authority (FCAA). This Authority is responsible for overseeing a variety of financial services, including the conduct and practices of mortgage brokers, ensuring compliance with consumer protection laws and regulations.

The FCAA plays a critical role in maintaining the integrity of the mortgage industry by enforcing standards that protect consumers and regulate the activities of brokers and associates. This includes licensing, monitoring practices, and addressing complaints against brokers.

In contrast, other organizations listed, such as the Saskatchewan Association of Realtors, primarily focus on real estate transactions rather than specific regulation of mortgage brokers. Mortgage Professionals Canada is a national industry association that advocates for the mortgage professionals sector but does not hold regulatory authority. The Office of the Superintendent of Financial Institutions oversees banks and federally regulated financial institutions, not specific provincial mortgage broker activities. Thus, the FCAA is the appropriate entity tasked with regulating mortgage brokers and associates in Saskatchewan.