ontario regulation 275/10

made under the

ontario new home warranties plan act

Made: June 1, 2010
Filed: June 29, 2010
Published on e-Laws: July 2, 2010
Printed in The Ontario Gazette: July 17, 2010

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

(Administration of the Plan)

1. Section 6 of Regulation 892 of the Revised Regulations of Ontario, 1990 is amended by adding the following subsection:

(12) Despite anything in this section, in the case of a condominium project, the maximum aggregate amount payable out of the guarantee fund in respect of claims made under subsection 14 (3) or (4) of the Act relating to all homes and common elements in the condominium project is $50,000,000 if the first arm’s length purchase agreement for a home in the condominium project is entered into in good faith on or after July 1, 2010.

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,

Alex W. MacFarlane

Corporate Secretary

Date made by the directors: June 1, 2010.
Pris par les administrateurs le : 1^er juin 2010.

Date confirmed by the members in accordance with the Corporations Act: June 1, 2010.
Ratifié par les membres conformément à la Loi sur les personnes morales le : 1^er juin 2010.

Le secrétaire de la Société,

Alex W. MacFarlane

Corporate Secretary

Date certified: June 23, 2010.
Attesté le : 23 juin 2010.