Ontario Newsroom

Protecting Consumers and Strengthening the Mortgage Industry


Protecting Consumers and Strengthening the Mortgage Industry

Ontario Government to Review Mortgage Brokerages, Lenders and Administrators Act

Ministry of Finance

Finance Minister Charles Sousa has appointed Parliamentary Assistant, MPP Steven Del Duca to lead the first five-year review of the Mortgage Brokerages, Lenders and Administrators Act. 

The review will include consultations with the public and stakeholders that will focus on ways to strengthen the already substantial consumer protection provisions in the act.

The consultations are expected to begin in late summer 2013. Mr. Del Duca will submit final recommendations to the Minister of Finance by early 2014.

Reviewing legislation to ensure it is consistent with the needs of the people of this province is part of the Ontario government's commitment to creating a fair society. 

Quick Facts

  • Recent data suggests that 31 percent of first-time homebuyers use a mortgage broker’s services.
  • This is the first five-year review of the MBLAA, which came into force on July 1, 2008. The act requires that the Minister of Finance choose an appointee to begin a review of the act by July 1, 2013.
  • Steven Del Duca was elected as MPP for Vaughan in September 2012 in a provincial by-election, and currently serves as Parliamentary Assistant to the Minister of Finance.

Additional Resources


Charles Sousa

“Steven Del Duca's appointment to lead the review further underscores our government’s continued support for strong consumer protection and reaffirms the importance of professionalism in the mortgage broker sector.”

Charles Sousa

Minister of Finance

Media Contacts

  • For Media Inquiries only:

    TTY: 1-800-263-7776


  • Kelsey Ingram

    Minister's Office



  • Scott Blodgett

    Ministry of Finance





Government Home and Community Consumers