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ontario regulation 161/12

made under the

Ontario New Home Warranties Plan Act

Made: June 12, 2012
Filed: June 21, 2012
Published on e-Laws: June 21, 2012
Printed in The Ontario Gazette: July 7, 2012


Amending Reg. 894 of R.R.O. 1990

(Terms and Conditions of Registration of Builders and Vendors)

1. Paragraph 8.1 of section 1 of Regulation 894 of the Revised Regulations of Ontario, 1990 is revoked and the following substituted:

8.1 In connection with any purchase agreement for a home signed on or after January 1, 2011, the registrant shall not charge, as an adjustment or readjustment to the purchase price of the home, any amount as reimbursement for a sum paid or payable by the registrant to a third party unless the sum is ultimately paid to the third party. If the registrant charges an amount to the owner in contravention of this paragraph, the registrant shall forthwith readjust with the owner. Nothing in this paragraph restricts or prohibits the registrant and the owner from agreeing on how to allocate as between them, rebates, refunds or incentives provided by the federal government, a provincial or municipal government or an agency of any such government before or after the completion of the purchase agreement.

Commencement

2. This Regulation comes into force on the day it is filed.

Made by:
Pris par :

Tarion Warranty Corporation:

Le président,

Harry Herskowitz

Chairman

Le secrétaire de la Société,

Tim Schumacher

Corporate Secretary

Date made by the directors: June 12, 2012.
Pris par les administrateurs le : 12 juin 2012.

Date confirmed by the members in accordance with the Corporations Act: June 12, 2012.
Ratifié par les membres conformément à la Loi sur les personnes morales

le : 12 juin 2012.

Le secrétaire de la Société,

Tim Schumacher

Corporate Secretary

Date certified: June  21, 2012.
Attesté le : 21 juin 2012.

 

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