O. Reg. 507/10: Terms and Conditions of Registration of Builders and Vendors

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ontario regulation 507/10

made under the

ontario new home warranties Plan act

Made: November 25, 2010
Filed: December 15, 2010
Published on e-Laws: December 17, 2010
Printed in The Ontario Gazette: January 1, 2011

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:

8.1 In connection with any agreement of purchase and sale of 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. 

2. This Regulation comes into force on the later of January 1, 2011 and the day this Regulation 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: November 25, 2010.
Pris par les administrateurs le : 25 novembre 2010.

Date confirmed by the members in accordance with the Corporations Act: November 25, 2010.
Ratifié par les membres conformément à la Loi sur les personnes morales le : 25 novembre 2010.

Le secrétaire de la Société,

Alex W. MacFarlane

Corporate Secretary

Date certified: December 14, 2010.
Attesté le : 14 décembre 2010.

 

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