Non-bank lender to pay ACL and industry fees
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19/05/2010 12:00:00 AM
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Non-bank lender Nationwide Lending has offered to reimburse the industry group and Australian Credit License Fees of its brokers.
“With the upcoming restrictions and requirements of the ACL, Nationwide Lending has listened to the concerns and needs of our accredited brokers,” said BDM Shane Howley.
To be eligible for the reimbursement of up to $1,000 for the ACL fee, accredited brokers must settle at least six loans with the lender within six months of ACL commencement or the renewal date. If a broker is able to settle 12 home loans with Nationwide, they will be eligible to have their annual
MFAA or
FBAA membership fee reimbursed.
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