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 Key Realty Services Inc.
On March 24, 2014, and again on June 17, 2014, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to revoke the mortgage brokerage licence of Key Realty Services Inc.
The Registrar of the Tribunal has confirmed that no request for a hearing has been received from Key Realty Services Inc. or anyone on its behalf in respect of the proposal to revoke.
Section 21(7) of the Act provides that the Superintendent may carry out the proposal to revoke a licence when no hearing has been requested.
The mortgage brokerage licence of Key Realty Services Inc. is revoked.
DATED at Toronto, Ontario, August 12, 2014.
Original Signed By
Executive Director, Licensing and Market Conduct Division
By Delegated Authority from:
The Superintendent of Financial Services
© Queen's Printer for Ontario, 2014