O. Reg. 172/19: MORTGAGE ADMINISTRATORS: LICENSING, Filed June 5, 2019 under Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c. 29
ontario regulation 172/19
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. 411/07
(MORTGAGE ADMINISTRATORS: LICENSING)
1. Sections 1, 2, 3, 4 and 4.1 of Ontario Regulation 411/07 are amended by striking out “the Superintendent” wherever it appears and substituting in each case “the Chief Executive Officer”.
2. Section 5 of the Regulation is revoked and the following substituted:
Transition
Transition
5. (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 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.
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.