IN THE MATTER OF the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29, as amended (the “Act”), in particular sections 38 and 39;
AND IN THE MATTER OF Andrew White (“White”).
White was previously a licensed mortgage agent with FSRA. His licence expired on March 30, 2025. He remains a licensed life insurance and accident & sickness agent.
On July 2, 2025, 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 impose administrative penalties on White for contraventions of sections 2(3) and 4(2) of the Act.
A Request for Hearing (Form 1) dated July 15, 2025, was delivered to the Financial Services Tribunal (the “Tribunal”) in accordance with section 39(5) of the Act respecting the Notice of Proposal.
On May 12, 2026, White withdrew the Request for Hearing, and, on May 12, 2026, the Tribunal closed its file in respect of this matter. This order is made pursuant to a settlement entered into by White and the Director on April 29, 2026.
Two (2) administrative penalties in the total amount of $12,500 are hereby imposed on Andrew White (“White”), for the reasons set out in the Minutes of Settlement dated April 29, 2026.
TAKE NOTICE THAT Financial Services Regulatory Authority of Ontario will deliver an invoice to White with information as to where and how to pay the administrative penalties. White must pay the administrative penalties no later than thirty (30) days after the date of this Order or as otherwise agreed on.
If White fails to pay the administrative penalties 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, May 13, 2026.
Original signed by
Elissa Sinha
Director, Litigation and Enforcement
By delegated authority from the Chief Executive Officer
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