REGARDING the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29 (the “Act”), in particular sections 7, 19 and 21
AND REGARDING Reliance Mortgage Company Ltd. (“Reliance Mortgage”)
ORDER REVOKING MORTGAGE BROKERAGE LICENCE
On August 23, 2011, the Superintendent of Financial Services (“Superintendent”) issued an Interim Order to Suspend Licence and Notice of Proposal to Revoke Licence in respect of Reliance Mortgage.
Reliance Mortgage requested a hearing before the Financial Services Tribunal (“Tribunal”) in accordance with the Act. On January 10, 2012, a hearing was held before the Tribunal. By decision dated January 26, 2012, the Tribunal ordered the Superintendent to carry out the proposal to revoke the mortgage brokerage licence of Reliance Mortgage.
The mortgage brokerage licence of Reliance Mortgage Company Ltd. is revoked.
Dated at Toronto, February 21, 2012
Original Signed By
Superintendent of Financial Services
© Queen's Printer for Ontario, 2012