New laws came into force last month, where anyone engaged in credit advice on home loans in Australia must be registered with ASIC under the National Consumer Credit licensing regime. All mortgage brokers who are registered and want to apply for a licence must do so by 31st of December 2010.
Part of the new regulations will include the requirement of preparing a statement of advice for clients, to assess their suitability for finance. Brokers are a major part of the finance industry and play an even more influential role in the provision of home loans. At Optim Financial we believe these new laws and legislation are a great step forward for our industry. The requirements are essential in providing our clients with greater protection and can only add to the professionalism that you experience at Optim Financial.
News, stories, events and updates for property, finance and developments from the experts at Optim Financial
No comments:
Post a Comment