Enforcement Statistics 2009

To protect consumers and enhance public confidence in the sectors it regulates, FSCO takes appropriate regulatory action when there is non-compliance with legislation and regulations that relate to the regulated sectors. Non-compliance may result in enforcement action.
 
Category (click titles for definitions)​ Q1​ Q2​ Q3​ Q4​ Cumulative Total
Mortgage Brokerages
Conditional licenses granted 1​ ​0 ​0 ​0 ​1
License Refusals ​0 ​0 ​0 ​0 ​0
License Surrenders ​106 ​0 ​0 ​0 ​106
License Suspension ​91 ​0 ​0 ​0 ​91
License Revocations ​20 ​2 ​0 ​0 ​22
Administrative Monetary Penalties Levied (# issued) ​34 ​6 ​20 ​47 ​107
Administrative Monetary Penalties Levied ($) ​$34,000 ​$5,250 ​$14,900 ​$43,900 ​$98,050
Letters of Caution issued ​0 ​0 ​0 ​0 ​0
Charges laid in Ontario Court of Justice ​0 ​0 ​0 ​0 ​0
Prosecutions 0​ ​0 ​0 ​0 ​0
Closed Files (no enforcement action warranted) ​0 ​0 ​0 ​0 ​0
Mortgage Brokers
Conditional licenses granted ​0 ​0 ​1 ​0 ​1
License Refusals ​0 ​0 ​0 ​0 ​0
License Surrenders ​0 ​0 ​0 ​0 ​0
License Suspension ​1 ​0 ​0 ​0 ​1
License Revocations ​0 ​0 ​0 ​0 ​0
Administrative Monetary Penalties Levied (# issued) ​0 ​0 ​0 ​0 ​0
Administrative Monetary Penalties Levied ($) ​0 ​0 ​0 ​0 0​
Letters of Caution issued ​2 ​0 ​0 ​0 ​2
Charges laid in Ontario Court of Justice ​0 ​0 ​0 ​0 ​0
Prosecutions ​0 ​0 ​1 ​0 ​1
Closed Files (no enforcement action warranted)​ ​6 ​3 ​4 ​0 ​13
Mortgage Agents ​ ​ ​ ​
Conditional licenses granted 0​ ​0 ​0 ​0 ​0
License Refusals ​3 ​0 ​0 ​1 ​4
License Surrenders ​0 ​0 ​0 ​0 ​0
License Suspension ​0 ​0 ​1 ​0 ​1
License Revocations ​0 ​0 ​0 ​1 ​1
Administrative Monetary Penalties Levied (# issued) ​0 ​0 ​0 ​0 ​0
Administrative Monetary Penalties Levied ($) ​0 ​0 ​0 ​0 ​0
Letters of Caution issued ​5 ​2 ​0 ​1 ​8
Charges laid in Ontario Court of Justice ​0 ​0 ​0 ​0 ​0
Prosecutions ​0 ​0 ​0 ​0 ​0
Closed Files (no enforcement action warranted)​ ​0 ​0 ​0 ​3 ​3