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The Mortgage Broker Referral Agreement is essential for financial services providers operating in Ireland who wish to establish formal referral relationships for mortgage products. This document is specifically designed to comply with Irish financial services regulations and is typically used when a mortgage broker wishes to receive customer referrals from other professionals or when a financial institution wants to establish a network of referral partners. The agreement covers crucial aspects such as regulatory compliance, commission structures, referral processes, and data protection requirements under GDPR. It ensures all parties maintain compliance with the Central Bank of Ireland's requirements, the Consumer Protection Code, and relevant EU regulations while establishing clear commercial terms for the referral relationship.

1. Parties: Identifies the contracting parties, including their regulatory status and authorizations

2. Background: Sets out the context of the agreement, including the parties' intentions and regulatory framework

3. Definitions and Interpretation: Defines key terms used in the agreement, including regulatory terms

4. Appointment and Scope: Establishes the referral relationship and its boundaries, including any territorial limitations

5. Regulatory Compliance: Details obligations regarding financial services regulations, consumer protection, and anti-money laundering requirements

6. Referral Process: Outlines the procedure for making and accepting referrals, including documentation requirements

7. Commission Structure: Details the fee arrangements, payment terms, and commission calculations

8. Obligations of the Parties: Sets out the specific duties and responsibilities of each party

9. Data Protection and Confidentiality: Addresses GDPR compliance and confidentiality requirements

10. Record Keeping: Specifies requirements for maintaining records of referrals and transactions

11. Term and Termination: Details the duration of the agreement and termination provisions

12. Indemnity and Liability: Addresses risk allocation between parties

13. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law