IN THE MATTER OF the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29, as amended (the “Act”), in particular sections 19 and 21;
AND IN THE MATTER OF Reza Nezami-Nia (“Nezami-Nia”)
Nezami-Nia is licensed as a mortgage broker licence (licence # M08003821) under the Act.
On March 22, 2023, and by delegated authority from the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (the “Chief Executive Officer”), the Director, Litigation and Enforcement (the “Director”) issued a Notice of Proposal to revoke the mortgage broker licence issued to Nezami-Nia. The Director also issued an Interim Order suspending the licence issued to Nezami Nia.
A Request for Hearing (Form 1), dated April 3, 2023, was delivered to the Financial Services Tribunal (the “Tribunal”) in accordance with section 21(3) of the Act respecting the Notice of Proposal.
On February 23, 2024, Nezami-Nia withdrew the Request for Hearing, and, on February 26, 2024, the Tribunal closed its file in respect of this matter. Therefore, pursuant to section 21(7) of the Act, the Director makes the following order.
The mortgage broker licence (licence # M08003821) issued to Reza Nezami-Nia is hereby revoked, for the reasons set out in the Minutes of Settlement.
DATED at Toronto, Ontario, February 27, 2024.
Original signed by
Elissa Sinha
Director, Litigation & Enforcement
By delegated authority from the Chief Executive Officer
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