{"id":926550,"date":"2026-10-09T13:12:59","date_gmt":"2026-10-09T13:12:59","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/926550\/"},"modified":"2026-10-09T13:12:59","modified_gmt":"2026-10-09T13:12:59","slug":"fsra-moves-to-revoke-brampton-mortgage-brokerage-licences","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/926550\/","title":{"rendered":"FSRA moves to revoke Brampton mortgage brokerage licences"},"content":{"rendered":"<p dir=\"ltr\">Kanwaljit Dhunna is alleged to have collected approximately $50,900 in prepaid interest, retained roughly $30,000 of those funds, and misrepresented the client&#8217;s employment, income and assets to Hosper.<\/p>\n<p dir=\"ltr\">Interest obligations rose by approximately 40% following the refinancing, total fees reached approximately $47,000,\u00a0including a $21,500 brokerage fee to Platinum Mortgages,\u00a0and the client was forced to sell their home in October 2025.<\/p>\n<p>Pattern of non-disclosure and regulatory failure<\/p>\n<p dir=\"ltr\">FSRA&#8217;s investigation revealed a sustained compliance failure running alongside both consumer matters.<\/p>\n<p dir=\"ltr\">Ruby Dhunna and her corporations faced sixteen civil proceedings from 2019 to 2026, with default judgments totalling more than $2.9 million; Kanwaljit Dhunna and his corporations faced approximately eleven proceedings with judgments exceeding $1.1 million.<\/p>\n<p dir=\"ltr\">On every licence renewal application from 2020 to 2025, FSRA alleges, both individuals falsely declared they were not defendants in any civil proceedings, a mandatory obligation under Ontario&#8217;s Mortgage Brokerages, Lenders and Administrators Act, 2006.<\/p>\n","protected":false},"excerpt":{"rendered":"Kanwaljit Dhunna is alleged to have collected approximately $50,900 in prepaid interest, retained roughly $30,000 of those funds,&hellip;\n","protected":false},"author":2,"featured_media":926551,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194339],"tags":[51759,49,48,318392,314002,309918],"class_list":["post-926550","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brampton","tag-brampton","tag-ca","tag-canada","tag-financial-services-regulatory-authority-fsra","tag-mortgage-brokers","tag-mortgage-fraud"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/926550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=926550"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/926550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/926551"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=926550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=926550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=926550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}