O. Reg. 52/02: TERMS AND CONDITIONS OF REGISTRATION OF BUILDERS AND VENDORS
Skip to contentONTARIO regulation 52/02
made under the
ontario new home
warranties plan act
Made: January 24, 2002
Filed: February 26, 2002
Printed in The Ontario Gazette: March 16, 2002
Amending Reg. 894 of R.R.O. 1990
(Terms and Conditions of Registration of Builders and Vendors)
1. Section 1 of Regulation 894 of the Revised Regulations of Ontario, 1990 is amended by adding the following paragraph:
3.1 The registrant, and where applicable its officers and directors, whether in connection with the registrant or other registrants, shall, at all times, carry out each of their undertakings to the Corporation in accordance with the law and with integrity and honesty. Without limiting the generality of the foregoing, it is a breach by the registrant of this condition of registration if the registrant, or where applicable any of its officers or directors, whether in connection with the registrant or other registrants, fails, at any time,
i. to fully indemnify the Corporation for all monies paid out by the Corporation to third parties for which the registrant or any of its officers or directors is responsible,
ii. to fully honour and comply with any outstanding guarantee or indemnity given to and in favour of the Corporation,
iii. to provide truthful, accurate and complete financial information to the Corporation as and when required, or
iv. to diligently perform or cause to be performed all obligations imposed under the Plan and under any agreement made with the Corporation in respect of the Plan.
2. This Regulation comes into force on March 1, 2002.
Passed by the Directors on January 24, 2002.
Ontario New Home Warranty Program:
Al Libfeld
Chair
Michael Braid
Secretary
Confirmed by the members in accordance with the Corporations Act on January 24, 2002.
Michael Braid
Secretary