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Superintendent of
Financial
Services
 
Ontario Coat of Arms
 
Surintendant des
services
financiers
 

REGARDING the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29, in particular sections 38 and 39

AND REGARDING Harbans Singh


ADMINISTRATIVE MONETARY PENALTY ORDER

Harbans Singh (“Mr. Singh”) holds a mortgage agent licence issued to him under the terms of the Mortgage Brokerages, Lenders and Administrators Act, 2006 (the “Act”). His licence number is M08008138.

On September 16, 2015, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to Impose an Administrative Monetary Penalty (the “notice of proposal”) in the amount of $1,000 on Mr. Singh. The Superintendent determined that Mr. Singh contravened subsection 29(1) the Act by failing to provide information to the Superintendent in the prescribed manner and within the prescribed period.

The notice of proposal was sent to Mr. Singh by registered mail and signed as received on September 22, 2015.

Pursuant to subsection 39(5) of the Act, Mr. Singh had 15 days after the notice of proposal was received to request a hearing before the Financial Services Tribunal (the “Tribunal”).

On October 9, 2015, the Registrar of the Tribunal confirmed that neither Mr. Singh nor anyone on his behalf requested a hearing in writing.

ORDER

Pursuant to subsection 39(7) of the Act, an administrative monetary penalty of $1,000 is imposed on Harbans Singh.

TAKE NOTICE THAT Harbans Singh will be receiving shortly an invoice from Ontario Shared Services, a part of the Ministry of Government and Consumer Services, with information as to where and how to make the payment. Harbans Singh must pay the administrative monetary penalty no later than 30 days after the date of the invoice.

If Harbans Singh fails to pay the administrative monetary penalty in accordance with the terms of this Order, the Superintendent may file the Order with the Superior Court of Justice and the Order may be enforced as if it were an order of the court. An administrative monetary penalty that is not paid in accordance with the terms of an order imposing the penalty is a debt due to the Crown and is enforceable as such.

DATED at Toronto, Ontario on the 21 day of October 15, 2015.

Original signed by

Anatol Monid
Executive Director
Licensing and Market Conduct Division

By Delegated Authority from
The Superintendent of Financial Services

© Queen's Printer for Ontario, 2015