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.
Financial Services Regulatory Authority of Ontario 2025-08-15
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.