O. Reg. 524/17: ADMINISTRATION OF THE PLAN

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ontario regulation 524/17

made under the

Ontario New Home Warranties Plan Act

Made: December 14, 2017
Approved: December 14, 2017
Filed: December 15, 2017
Published on e-Laws: December 18, 2017
Printed in The Ontario Gazette: December 30, 2017

Amending Reg. 892 of R.R.O. 1990

(ADMINISTRATION OF THE PLAN)

1. Subsection 6 (1) of Regulation 892 of the Revised Regulations of Ontario, 1990 is amended by striking out “or” at the end of clause (a) and by revoking clause (b) and substituting the following:

(b) $40,000 in respect of,

(i) a claim in relation to a purchase agreement entered into on or after February 1, 2003 and before January 1, 2018, or

(ii) a claim in relation to a construction contract entered into on or after February 1, 2003; or

(c) in respect of a claim in relation to a purchase agreement entered into on or after January 1, 2018, the greater of,

(i) $60,000, and

(ii) the lesser of 10 per cent of the sale price of the home, and $100,000.

Commencement

2. This Regulation comes into force on the later of January 1, 2018 and the day this Regulation is filed.

Made by:
Pris par :

Tarion Warranty Corporation

Mark Basciano

Chair /
Le Président du conseil

Howard Bogach

Chief Executive Officer and President /
Le Président directeur général

Date made: December 14, 2017
Pris le : 14 décembre 2017

I approve this Regulation.
J’approuve le présent règlement.

La ministre des Services gouvernementaux et des Services aux consommateurs,

Tracy MacCharles

Minister of Government and Consumer Services

Date made: December 14, 2017
Pris le : 14 décembre 2017

 

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