IN THE MATTER OF the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29, as amended (the “Act”), in particular sections 18 and 21;

AND IN THE MATTER OF Kathy Locke and Margaret (Marg) Green

INTERIM ORDER SUSPENDING LICENCES

TO: Kathy Locke

AND TO: Margaret (Marg) Green

Subsection 18(1) of the Act provides that the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (the “Chief Executive Officer”) may, by order, suspend a licence in certain specified circumstances.

Section 21 of the Act provides that if the Chief Executive Officer proposes to suspend a licence without the licensee’s consent, the Chief Executive Officer shall give written notice of the proposal to the licensee, including the reasons for the proposal.

Subsection 18(3) of the Act provides that, if in the Chief Executive Officer’s opinion, the interests of the public may be adversely affected by any delay in the suspension of a licence as a result of the steps required by section 21, the Chief Executive Officer may, without notice, make an interim order suspending the licence.

IT IS ORDERED THAT pursuant to section 18(3) of the Act, the Mortgage Broker licence issued to Kathy Locke ("Locke”) (licence #M08003387) is suspended for the reasons outlined below. During the suspension Locke is not authorized to deal in, trade in, or administer mortgages in Ontario.

IT IS FURTHER ORDERED THAT pursuant to section 18(3) of the Act, the Mortgage Broker licence issued to Margaret (Marg) Green (“Green”) (licence #M08005448) is suspended for the reasons outlined below. During the suspension Green is not authorized to deal in, trade in, or administer mortgages in Ontario.

TAKE NOTICE THAT this Interim Order takes effect immediately and will remain in effect until the expiry of the period for requesting a hearing in respect of a Notice of Proposal to Suspend Licences (15 days after the Notice is given or deemed to have been delivered).

AND TAKE NOTICE THAT pursuant to subsections 48(4) and 49(1) and (2) of the Act, every person who fails to comply with an order made under the Act is guilty of an offence and every individual convicted of an offence under the Act is liable to a fine of not more than $500,000 or imprisonment for a term of not more than a year or both a fine and imprisonment. Every corporation convicted of an offence under the Act is liable to a fine of not more than $1,000,000.

Pursuant to subsection 48(5) of the Act, if a corporation commits an offence under the Act, every director or officer of the corporation who directed, authorized, assented to, acquiesced in or participated in the commission of the offence, or who failed to take reasonable care to prevent the corporation from committing the offence, is guilty of an offence, whether or not the corporation is prosecuted or convicted.

Subsection 48(6) provides that every partner of a partnership and every individual who is a member of the directing body of an entity, other than a person or partnership, who directed, authorized, assented to, acquiesced in or participated in the commission of an act or omission by the partnership or entity which, if committed by a person, would be an offence under the Act, is guilty of an offence.

REASONS FOR ORDER

Locke is licensed as a Mortgage Broker (licence #M08003387) under the Act. She has been licensed since at least July 1, 2008. Her licence is scheduled to expire on March 31, 2026.
Green is licensed as a Mortgage Broker (licence #M08005448) under the Act. She has been licensed since at least July 1, 2008. Her licence is scheduled to expire on March 31, 2026.
Concierge Mortgage Group Inc. (“Concierge”) is licensed as a Mortgage Brokerage (license #12179) under the Act.
Both Locke and Green are licensed through Concierge.
Locke is the Principal Broker of Concierge.
Locke and Green are both officers and directors of Concierge.
The specific facts supporting this order are set out in the Notice of Proposal to Suspend Licences.
Due to the fact that they are carrying on activities that contravene or will contravene the Act or the regulations if they are licensed, and that their past conduct affords reasonable grounds for belief that they will not deal or trade in mortgages in accordance with the law and with integrity and honesty, there are reasonable grounds to believe that Locke and Green are no longer suitable to be licensed under the Act.
Subsections 18(3) of the Act provide that if, in the Chief Executive Officer’s opinion, the interests of the public may be adversely affected by any delay in the suspension of a licence as a result of the steps required by section 21, the Chief Executive Officer may, without notice, make an interim order suspending the licence.
The Director, Litigation and Enforcement, by delegated authority from the Chief Executive Officer, is of the opinion that the interests of the public may be adversely affected by any delay in making an order to suspend the licences held by Locke and Green.
Locke and Green have issued documents that breach subsection 43(2) of the Act and held themselves out as administering mortgages, contrary to subsection 5(2) of the Act.
Accordingly, the continued licensing of Locke and Green causes risk to consumers who may put their trust and confidence in them as licensees and public confidence in the regulated mortgage brokering sector in Ontario and to the reputations of the licensed participants in those sectors. An interim suspension order is required to ensure public confidence in the regulatory scheme and sector.
Given the serious nature of the conduct in this case, there is a significant risk of public harm if Locke and Green continue to be licensed. Accordingly, the criteria for issuance of an interim suspension are satisfied.

DATED at Toronto, Ontario, February 12, 2026.

Original signed by

Elissa Sinha
Director, Litigation and Enforcement

By delegated authority from the Chief Executive Officer

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