This is a joint presentation of MBERB and Canadian Association of Private Lenders

THE TOPIC

• What triggers the need to obtain licensing?
  What qualifications must an applicant meet to obtain registration?
• What triggers the need to obtain relicensing?
• What qualifications must an applicant meet to obtain relicensing?
• Who is not required to register?
• What is the process of obtaining or renewing a licence?
• What causes a licence to become inoperative, suspended, or cancelled?
• What are the consequences for providing mortgage services without a licence?
• What are the consequences for a person who authorizes, permits, or acquiesces in another person providing mortgage services without being licensed?
• What is required for registrants under the Mortgage Brokers Act to obtain licensing under the MSA?

DATE: October 28, 2025
TIME: 10am – 11am PT/1pm-2pm ET

Speakers:

Ray Basi, B.A. Honours 1st Class (Criminology), LL.B., J.D.

Mortgage Broker Educator (current)
• Mortgage Broker Education by Ray Basi (MBERB)

Director of Education and Policy (11 years)
• Canadian Mortgage Brokers Association of BC (CMBA-BC)
• Mortgage Brokers Institute of BC (MBIBC)

Head of Information and Privacy (3 years)
• Financial Institutions Commission of BC (FICOM),
• Predecessor of BC Financial Services Authority (BCFSA)

Director of Information and Privacy (4 years)
• For four BC provincial government ministries
Lawyer in private practice (16 years)

Samantha Gale, LL.B., J.D, LL.M., Co-Founder CAPL

• Highly qualified regulatory expert with deep expertise in mortgage and real estate issues, lending practices, and financial law and regulation
• Holds a Master of Laws (LL.M.) from Osgoode Hall Law School, specializing in banking and financial law
• Earned a law degree from the University of British Columbia, with significant knowledge in financial transactions, trusts, and estates
• Former CEO of the Canadian Mortgage Brokers Association – BC and the Mortgage Brokers Institute of BC
• Extensive experience in the Canadian mortgage and finance industry
• Prominently contributed to the Cullen Commission, advocating for modernized, balanced legislation in the sector
• Served 15 years with the BC Financial Institutions Commission (FICOM, now BCFSA), providing in-depth statutory and regulatory expertise
• Recognized for outstanding knowledge, practical insight, and leadership within the financial regulatory community

Shannon August, CFA
Founder AAREA Private Lending, Co-Founder CAPL

• Shannon August has worked in the private mortgage industry since 2008, with experience in origination, lending, capital raising, mortgage administration, and mortgage enforcement.
• She founded AAREA Private Lending in 2012, a platform for mortgage investors that also provides comprehensive mortgage administration services to private lenders.
• At CAPL, Shannon applies her industry knowledge and communication skills to enhance member engagement and contribute to the association’s efforts.
• As part of the founding leadership, she supports a proactive stance on industry developments and ensures communications and services meet the diverse needs of its members effectively.
• A CFA Charterholder, Shannon holds a BBA in Finance from Simon Fraser University. Committed to lifelong learning, she is currently a CPA Candidate.
• She is committed to community and professional development, having previously served as a Forum Champion with the Entrepreneurs’ Organization and as a mentor with Futurpreneur Canada and the Cherie Blair Foundation for Women.