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 Mortgage to Finance Inc.
On February 7, 2014, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to revoke the mortgage brokerage licence of Mortgage to Finance Inc.
Mortgage to Finance Inc. had 15 days after service of the Notice to request a hearing before the Financial Services Tribunal (“Tribunal”) in accordance with section 21(2) of the Act.
The Registrar of the Tribunal has confirmed that no request for a hearing has been received from Mortgage to Finance 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 Mortgage to Finance Inc. is revoked.
DATED at Toronto, Ontario June 4, 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