REGARDING the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29 (the “Act”), in particular sections 7, 8, 19, 21, 38 and 39
AND REGARDING Ralph Iacono and Terra Nova Financial Services Inc.
On May 3, 2012, a Notice of Proposal to Revoke the mortgage broker licence of Ralph Iacono and the mortgage brokerage licence Terra Nova Financial Services Inc. was issued.
Pursuant to Minutes of Settlement, I hereby order that the mortgage broker licence of Ralph Iacono and the mortgage brokerage licence of Terra Nova Financial Services Inc. are revoked, effective December 8, 2012.
DATED at Toronto, Ontario, December 5, 2012
Original Signed By
Superintendent of Financial Services
© Queen's Printer for Ontario, 2012