The Financial Services Regulatory Authority of Ontario (FSRA) imposed an administrative penalty of CAD 30,000 and added conditions to the mortgage agent licence of Viviana Prentice following a settlement. The action relates to a contravention of the Mortgage Brokerages, Lenders and Administrators Act, 2006, where Prentice received remuneration from a person other than her brokerage, contrary to section 4(1) of Ontario Regulation 187/08.
2025-08-15Financial Services Regulatory Authority of Ontario
Financial Services Regulatory Authority of Ontario imposes CAD 30,000 penalty and licence conditions on mortgage agent Viviana Prentice
The Financial Services Regulatory Authority of Ontario imposed a CAD 30,000 penalty and added conditions to Viviana Prentice's mortgage agent licence. This enforcement action follows a settlement related to a breach of the Mortgage Brokerages, Lenders and Administrators Act, 2006, where Prentice received remuneration from a non-brokerage source, violating Ontario Regulation 187/08.