IN THE MATTER OF the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29, as amended (the “Act”), in particular sections 15, 16, 21, 38 and 39;
AND IN THE MATTER OF John Chehade
John (Johnny) Chehade (“Chehade”) is licensed as a mortgage agent level 2 under the Act (licence #M21002519). His license expired March 31, 2025. Chehade has applied to renew his licence.
On December 4, 2025, the Director, Litigation & Enforcement (the “Director”), by delegated authority from the Chief Executive Officer (“CEO”) of the Financial Services Regulatory Authority of Ontario (“FSRA”), issued a Notice of Proposal to refuse to renew the mortgage agent level 2 licence issued to Chehade and to impose Administrative Penalties in respect of Chehade (the “NOP”).
A Request for Hearing (Form 1), dated December 17, 2025, was delivered to the Financial Services Tribunal (the “Tribunal”) in accordance with sections 21(3) and 39(5) of the Act respecting the NOP.
On February 25, 2026 Chehade withdrew the Request for Hearing, and, on February 26, 2026, the Tribunal closed its file in respect of this matter. Therefore, pursuant to sections 21(7) and 39(7) of the Act, the Director makes the following Orders.
Administrative penalties in the total amount of $12,500 are hereby imposed on John (Johnny) Chehade, for the reasons set out in the Minutes of Settlement.
TAKE NOTICE THAT the Financial Services Regulatory Authority of Ontario will deliver an invoice to John (Johnny) Chehade with information as to where and how to pay the administrative penalties. John (Johnny) Chehade must pay the administrative penalties no later than thirty (30) days after the Order is issued unless otherwise agreed with the Financial Services Regulatory Authority of Ontario.
If John (Johnny) Chehade fails to pay the administrative penalty in accordance with the terms of this Order, the Chief Executive Officer may file the Order with the Superior Court of Justice, and the Order may be enforced as if it were an order of the court. An administrative penalty that is not paid in accordance with the terms of the Order imposing the penalty is a debt due to the Crown and is enforceable as such.
DATED at Toronto, Ontario, March 2, 2026.
Original signed by
Elissa Sinha
Director, Litigation and Enforcement
By delegated authority from the Chief Executive Officer
For the reasons set out in the Minutes of Settlement, the following conditions are imposed on the mortgage agent licence issued to John (Johnny) Chehade (“Chehade”) for a period of two years:
DATED at Toronto, Ontario, March 2, 2026.
Original signed by
Elissa Sinha
Director, Litigation and Enforcement
By delegated authority from the Chief Executive Officer
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