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Financial Services Regulatory Authority of Ontario

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 29;

AND IN THE MATTER OF Lin Liang


ORDER TO IMPOSE ADMINISTRATIVE PENALTIES

Lin Liang (“Liang”) was licensed as a mortgage agent (licence # M19000939) from April 30, 2019 to March 31, 2022.

On January 10, 2024, 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 Liang for the following:

  1. Dealing in mortgages for remuneration outside her authorizing mortgage brokerage, contrary to subsection 2(3) of the Act;
  2. Receiving remuneration from a person or entity other than her authorizing mortgage brokerage, contrary to subsection 4(1) of Ontario Regulation 187/08; and
  3. Doing or omitting to do anything, in circumstances where she ought to have known that she was being used to facilitate dishonesty, fraud, crime or illegal conduct, contrary to section 3.1 of Ontario Regulation 187/08.

A Request for Hearing (Form 1), dated January 29, 2024, 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 5, 2026, Liang withdrew the Request for Hearing, and, on May 7, 2026, the Tribunal closed its file in respect of this matter. This order is made pursuant to a settlement entered into by Liang and the Director.

ORDER

Thirty-one (31) administrative penalties in the total amount of $275,000.00 are hereby imposed on Lin Liang, for the reasons set out in the Minutes of Settlement.

TAKE NOTICE THAT Financial Services Regulatory Authority of Ontario will deliver an invoice to Liang with information as to where and how to pay the administrative penalties. Liang must pay the administrative penalties no later than thirty (30) days after the date of this Order or as otherwise agreed on.

If Liang 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 11, 2026.

Original signed by

Elissa Sinha
Director, Litigation and Enforcement

By delegated authority from the Chief Executive Officer


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