FSRA's $860K in mortgage AMPs last year, and what 22 sanctions tell a client who asks if their broker is clean
FSRA's 2024-25 enforcement report landed. Mortgage discipline jumped 54% year-over-year, and your clients will read the headline before you do.
$860,925 in administrative monetary penalties across 22 individual mortgage professionals. The largest single AMP was $118,000. Average per individual, roughly $39,000. The most common trigger pattern across published settlements was not fraud, it was compliance hygiene: incomplete disclosure forms, signed but undated client acknowledgements, and missing private-lender disclosures on deals under sixty days.
FSRA's enforcement director publicly flagged "industry-wide drift on private-deal documentation," meaning the sanction wave is structural, not a one-off. Expect AMPs to keep climbing through 2026.
What your client actually needs from you this quarter is the name-search itself. The Enforcement Database is searchable by individual and by brokerage. Send them the link, save the reply you wrote here, reuse it next quarter.