The appellant appealed a Tribunal decision finding breaches of the Mortgage Brokers Act and revoking its licence.
The Divisional Court dismissed the appeal on the merits, finding no breach of the Statutory Powers Procedure Act, ample evidence of regulatory breaches, and no apprehension of bias.
However, the Court allowed the appeal regarding the penalty, finding the Tribunal erred in law by imposing licence revocation without allowing submissions on penalty, considering alternatives, or reviewing similar cases.
The revocation order was set aside and replaced with conditions on the appellant's licence.