ontario regulation 152/15
made under the
Mortgage Brokerages, Lenders and Administrators Act, 2006
Made: June 17, 2015
Filed: June 18, 2015
Published on e-Laws: June 18, 2015
Printed in The Ontario Gazette: July 4, 2015
Amending O. Reg. 187/08
(MORTGAGE BROKERS AND AGENTS: STANDARDS OF PRACTICE)
1. Ontario Regulation 187/08 is amended by adding the following section:
Dishonesty, fraud, etc.
3.1 A mortgage broker or agent shall not act, or do anything or omit to do anything, in circumstances where he or she ought to know that by acting, doing the thing or omitting to do the thing, he or she is being used by a borrower, lender, investor or any other person to facilitate dishonesty, fraud, crime or illegal conduct.
2. This Regulation comes into force on the later of January 1, 2016 and the day it is filed.