1 total
Home builder's licence renewal refused due to loss of financing and improper retention of purchaser deposits.
The appellant appealed a Notice of Proposal to Refuse to Renew its licence under the New Home Construction Licensing Act, 2017.
The Registrar alleged the appellant could not reasonably be expected to be financially responsible due to the loss of project financing and the improper use of unavoidable delay provisions to retain purchaser deposits.
The Tribunal found that the appellant's loss of financing, acts of default, and unreasonable reliance on pandemic-related unavoidable delay to avoid refunding deposits provided reasonable grounds to believe it would not be financially responsible.
The appeal was dismissed and the Registrar was directed to carry out the refusal to renew.
