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O. Reg. 170/19: MORTGAGE ADMINISTRATORS: STANDARDS OF PRACTICE

filed June 5, 2019 under Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c. 29

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ontario regulation 170/19

made under the

Mortgage Brokerages, Lenders and Administrators Act, 2006

Made: May 30, 2019
Filed: June 5, 2019
Published on e-Laws: June 5, 2019
Printed in The Ontario Gazette: June 22, 2019

Amending O. Reg. 189/08

(MORTGAGE ADMINISTRATORS: STANDARDS OF PRACTICE)

1. Sections 8, 13, 27, 28, 31, 34, 38 and 43 of Ontario Regulation 189/08 are amended by striking out “the Superintendent” wherever it appears and substituting in each case “the Chief Executive Officer”.

2. Section 44 of the Regulation is revoked and the following substituted:

Transition

Transition

44. (1) References in this Regulation to a form approved by the Chief Executive Officer are deemed to include the last form approved by the Superintendent for the purposes of the relevant provision prior to the day section 1 of Schedule 17 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force until the Chief Executive Officer approves a subsequent form for the purposes of the relevant provision. 

(2) A written request, a decision to accept a form of financial guarantee or a written consent made by the Superintendent under this Regulation, as it read prior to the day section 1 of Schedule 17 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force, is deemed to have been made by the Chief Executive Officer.

(3) Any notice provided to the Superintendent under this Regulation, as it read prior to the day section 1 of Schedule 17 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force, is deemed to have been provided to the Chief Executive Officer.

Commencement

3. This Regulation comes into force on the later of the day section 1 of Schedule 17 to the Plan for Care and Opportunity Act (Budget Measures), 2018 comes into force and the day this Regulation is filed.

 

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