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Enforcement Statistics 2011

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 0​  0  0  0
License Refusals ​0  0  0  0  0
License Surrenders ​23  39  35  17  114
License Suspension ​0  4  1  8
License Revocations ​0  2  4  0  6
Administrative Monetary Penalties Levied (# issued) ​0  0  15  8 23
Administrative Monetary Penalties Levied ($) ​0  0  $28, 500  $22, 500 $51, 000
Letters of Caution issued ​1  1  0  0  2
Charges laid in Ontario Court of Justice ​0  0  0  0  0
Prosecutions 0​  0  0  0  0
Mortgage Brokers
Conditional licenses granted ​0  0  0  0  0
License Refusals ​0  0  0  0  0
License Surrenders ​0  0  0  0  0
License Suspension ​1  0  0  0  1
License Revocations ​0  0  0  0  0
Administrative Monetary Penalties Levied (# issued) ​0  0  1  0  1
Administrative Monetary Penalties Levied ($) ​0  0  $1,000  0  $1,000
Letters of Caution issued ​1  1  0  0  2
Charges laid in Ontario Court of Justice ​0  0  0  0  0
Prosecutions​ (convictions / fines) ​0  0  0  0  0
Mortgage Agents
Conditional licenses granted 0​  0  0  0  0
License Refusals ​0  0  0  0  0
License Surrenders ​0  0  0  0  0
License Suspension ​0  0  0  0  0
License Revocations ​0  0  0  0  0
Administrative Monetary Penalties Levied (# issued) ​0  0  0  0  0
Administrative Monetary Penalties Levied ($) ​0  0  0  0  0
Letters of Caution issued ​3  1  0  0  4
Charges laid in Ontario Court of Justice ​0  0  0  0  0
Prosecutions ​(convictions / fines) ​0  0  0  0  0
 

OutageService Disruption Notice
Please note that due to scheduled maintenance, Licensing Link (Mortgage and Insurance) and the Service Provider Licensing Application will be unavailable between 7:00am and 11:00am on Sunday, October 26, 2014

Apply Now for a Service Provider Licence

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