How can a mortgage brokerage dispute a Notice of Proposal to suspend/revoke a licence and/or Notice of Proposal to impose an administrative monetary penalty?
Information on how to dispute a proposed administrative monetary penalty or proposed licence suspension/revocation is included in the Notice of Proposal. Please ensure you note the timing requirements. If you choose to request a hearing before the Financial Services Tribunal, the Superintendent will extend the Interim Order to suspend the mortgage brokerage’s licence until the Financial Services Tribunal renders its decision.
