Disclaimer
An order that is made regarding a licence holder reflects a situation at a particular point in time. The status of a licence holder can change. Readers should check the current status of a person’s or entity’s licence on the Licensing Link section of FSCO’s website. Readers may also wish to contact the person or entity directly to get additional information or clarification about the events that resulted in the order.

 

Ontario Coat of Arms
 
Financial Services
Commission
of Ontario

5160 Yonge Street,
Box 85
Toronto ON  M2N 6L9

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.

 

ORDER

The mortgage brokerage licence of Reliance Mortgage Company Ltd. is revoked.


Dated at Toronto, February 21, 2012

Original Signed By

Philip Howell
Superintendent of Financial Services

© Queen's Printer for Ontario, 2012