Hustle & GritWatch us on YouTube
The FCAA (Financial and Consumer Affairs Authority of Saskatchewan) is the provincial regulator responsible for licensing and overseeing mortgage brokerages, brokers, and associates in Saskatchewan.
The FCAA licenses individuals as either a mortgage associate or a mortgage broker, depending on their education and experience, and every licensed individual must work under a licensed mortgage brokerage. Each brokerage in turn designates one principal broker who acts as the main point of contact with the regulator.
To become licensed in Saskatchewan, individuals complete the Saskatchewan Mortgage Associate Course, and broker-level licensing additionally requires the Saskatchewan Mortgage Broker Education Program. Unlike Ontario or BC, which have financial-services regulators dedicated largely to that sector, the FCAA is Saskatchewan's combined regulator, also overseeing securities, insurance, and other consumer-facing industries in the province.
Two-tier licensing: Saskatchewan licenses individuals as a mortgage associate or a mortgage broker, similar in structure to how other provinces separate entry-level and senior licensing tiers.
Combined financial-services regulator: the FCAA also regulates securities, insurance, and other consumer-facing sectors in Saskatchewan, unlike Ontario's FSRA or BC's BCFSA, which are structured around a broader but still dedicated financial-services mandate.
Education-specific requirements: the Saskatchewan Mortgage Associate Course and, for brokers, the Saskatchewan Mortgage Broker Education Program are the required courses for licensing.
One of six provincial mortgage regulators: the FCAA sits alongside FSRA (Ontario), BCFSA (BC), RECA (Alberta), FCNB (New Brunswick), and the AMF (Quebec) as one of Canada's provincial mortgage-brokering regulators.
Definitions reflect Canadian federal and provincial rules as of the “Updated” date above. Not advice for any specific file.
Every term a Canadian mortgage professional needs — defined, sourced, and kept current.
See how Treadstone can scale your brokerage — a free call, no commitment.