IN THE MATTER OF the Mortgage Brokerages, Lenders and Administrators Act, 2006,
S.O. 2006, c. 29, as amended (the “Act”), in particular sections 38 and 39;
AND IN THE MATTER OF Charene Bunnett (“Bunnett”).
ORDER IMPOSING AN ADMINISTRATIVE PENALTY
Bunnett was a licensed mortgage agent under the Act from June 2008 until her licence expired on March 31, 2020.
On September 1, 2020, pursuant to section 39 of the Act and by delegated authority from the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (the “Chief Executive Officer”), the Director, Litigation and Enforcement (the “Director”) issued a Notice of Proposal to impose an administrative penalty on Bunnett for contravening section 43(2) of the Act.
A Request for Hearing (Form 1), dated September 2, 2020, was delivered to the Financial Services Tribunal (the “Tribunal”) in accordance with section 39(5) of the Act respecting the Notice of Proposal.
On October 19, 2021, Bunnett withdrew the Request for Hearing, and, on October 20, 2021, the Tribunal closed its file in respect of this matter. This order is made pursuant to a settlement entered into by Bunnett and the Director.
An administrative penalty in the amount of $3,500 is hereby imposed on Charene Bunnett, for the reasons set out in the Notice of Proposal.
TAKE NOTICE THAT the Financial Services Regulatory Authority of Ontario will deliver an invoice to Charene Bunnett with information as to where and how to pay the administrative penalty. Charene Bunnett must pay the administrative penalty on or before January 27, 2022.
If Charene Bunnett fails to pay the administrative penalty in accordance with the terms of this Order, the Chief Executive Officer 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 penalty that is not paid in accordance with the terms of the order imposing the penalty is a debt due to the Crown and is enforceable as such.
DATED at Toronto, Ontario, October 26, 2021
Original signed by
Director, Litigation and Enforcement
By delegated authority from the Chief Executive Officer
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