Ontario refuses mortgage licence to Dennis Khanna to ‘protect the public’

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An Ontario provincial tribunal ruled Tuesday that a Hamilton mortgage broker acted dishonestly, forged documents and preyed on desperate borrowers, and therefore should not be granted another mortgage broker’s licence.

The provincial regulator denied Dennis Khanna’s licence and revoked his company after finding his behaviour reprehensible.

“He has shown a flagrant predisposition for deceit and dishonesty in every aspect of his business,” the tribunal’s decision said. “Mr. Khanna’s conduct seriously calls into question his integrity, honesty, and law-abiding nature.”

The tribunal determined that rejecting Khanna’s application for a mortgage broker’s license was “the only outcome that [would] adequately protect the public.”

Read more at CBC News

This article is summarized by Canadian Fraud News Inc.