O. Reg. 314/13: EXEMPTIONS FROM THE REQUIREMENTS TO BE LICENSED

Link to law: http://www.ontario.ca/laws/regulation/r13314
Published: 2013-12-04

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ONTARIO REGULATION 314/13

made under the

MORTGAGE BROKERAGES, LENDERS AND ADMINISTRATORS ACT, 2006

Made: November 27, 2013
Filed: December 4, 2013
Published on e-Laws: December 4, 2013
Printed in The Ontario Gazette: December 21, 2013


Amending O. Reg. 407/07

(EXEMPTIONS FROM THE REQUIREMENTS TO BE LICENSED)

1. Subsection 8.2 (2) of Ontario Regulation 407/07 is revoked and the following substituted:

(2) This section applies to the following corporations:

1. BMW Canada Inc.

2. Ford Credit Canada Limited.

3. General Motors Financial of Canada, Ltd.

4. Honda Canada Finance Inc.

5. Mercedes-Benz Financial Services Canada Corporation.

6. Nissan Canada Financial Services Inc.

7. Toyota Credit Canada Inc.

8. VFS Canada Inc.

9. VW Credit Canada, Inc.

2. Paragraph 1 of subsection 11.1 (3) of the Regulation is amended by striking out “subsection (1)” and substituting “subsection (2)”.

Commencement

3. This Regulation comes into force on the later of January 1, 2014 and the day it is filed.

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