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Response by the Canadian Institute of Mortgage Brokers and Lenders CIMBL to A Consultation Draft of Regulations under Bill 65 - Mortgage Brokerages Lenders and Administrators Act 2006 Ontario Ministry of Finance January 2007 Page 10 Simple Referrals In the fall of 2005 CIMBL forwarded its position on simple referrals. We stated that a name address telephone number business card or contact information can be forwarded to a licensed mortgage broker or agent but filing out a mortgage...
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The consultation draft regulation bill is a document that outlines proposed regulations or changes to existing regulations. It is typically released for public comment and feedback before it is finalized and enacted into law.
Government agencies or departments responsible for regulating a particular industry or sector are usually required to file the consultation draft regulation bill. They are responsible for drafting and proposing the regulations.
Filling out the consultation draft regulation bill involves providing a detailed description of the proposed regulations, including their purpose and objectives. It may also require providing supporting documents, conducting stakeholder consultations, and addressing any potential impacts or concerns.
The purpose of the consultation draft regulation bill is to gather feedback and input from the public, stakeholders, and experts before finalizing the regulations. This ensures that the regulations are well-informed, effective, and consider the perspectives of those who will be affected by them.
The consultation draft regulation bill must include a clear and concise description of the proposed regulations, their intended goals, and their potential impact. It should also outline any supporting evidence or data that informed the development of the regulations.
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