Individuals who wish to provide advisory services, in relation to credit transactions, must be authorised as what?

• A. A Law Society of Ireland
• B. B As a Mortgage Credit Intermediary
• C. C As a Credit Intermediary
• D. D In Another EEA State

Answer: (B)

Providing advisory services for credit related to mortgages is governed by a specific regulatory category. Anyone who arranges or advises on mortgage credit must be authorised as a Mortgage Credit Intermediary. This status is designed for those working with mortgage-related credit, ensuring they meet regulatory standards, are supervised by the regulator, and can provide proper disclosures about fees, terms, and suitability to consumers. The other options don’t fit because a Law Society membership is a professional body for solicitors, not the authorisation framework for credit intermediation; a general Credit Intermediary is too broad and not the mortgage-specific designation; and being authorised in another EEA state only applies if you’re operating there, not for advising on Irish credit transactions.