O. Reg. 344/06: Terms and Conditions of Registration of Builders and Vendors

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ontario regulation 344/06

made under the

onTario new Home warranties plan act

Made: March 28, 2006
Filed: June 27, 2006
Published on e-Laws: June 28, 2006
Printed in The Ontario Gazette: July 15, 2006

Amending Reg. 894 of R.R.O. 1990

(Terms and Conditions of Registration of Builders and Vendors)

1. Section 1 of Regulation 894 of the Revised Regulations of Ontario, 1990 is amended by adding the following paragraph:

4.0.1 If the claim relates to a home of a type referred to in clause (a) or (b) of the definition of “home” in section 1 of the Act or a condominium dwelling unit, excluding common elements, the obligation to indemnify set out in paragraph 4 is limited to,

i. $100,000, plus applicable interest, administrative fees and legal costs, if the purchase agreement or a construction contract for the home was entered into before September 1, 2004 and the home has a date of possession before July 1, 2006, or

ii. $150,000, plus applicable interest, administrative fees and legal costs, if the purchase agreement or a construction contract for the home was entered into on or after September 1, 2004 or if, under the purchase agreement or construction contract, the home has a date of possession on or after July 1, 2006.

2. This Regulation comes into force on July 1, 2006.

Made by:
Pris par :

Tarion Warranty Corporation:

Le président,

R. E. Wade

Chairman

Le secrétaire de la Société,

Alex W. MacFarlane

Corporate Secretary

Date made by the directors: March 28, 2006.
Pris par les administrateurs le : 28 mars 2006.

Date confirmed by the members in accordance with the Corporations Act: March 28, 2006.
Ratifié par les membres conformément à la Loi sur les personnes morales le : 28 mars 2006.

Le secrétaire de la Société,

Alex W. MacFarlane

Corporate Secretary

Date certified: June 26, 2006.
Attesté le : 26 juin 2006.

 

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