TKR Developments Ltd. and Raymond Raffard

On March 6, 2014, pursuant to s. 28.3(1)(a) of the Homeowner Protection Act (the “Act”), s. 20.1(2)(b) and s. 20.1(2)(f) of the Homeowner Protection Act Regulation (the “Regulations”),TKR Developments Ltd. (“TKRDL”) and Raymond Raffard (“Raffard”) were issued a monetary penalty in the single amount of $14,400. This Monetary Penalty was issued for the following reasons:

• TKRDL and Raffard, contrary to s. 14(1) and s. 22(1) of the Act, constructed two new homes in West Vancouver, B.C. (the “New Homes”) between the period of, or about, June 16, 2011, and November 26, 2012, without being a Homeowner Protection Office Licensed Residential Builder and without any of the New Homes being registered for coverage by home warranty insurance provided by a warranty provider;
• The contraventions of the Act by TKRDL and Raffard make TKRDL and Raffard subject to a monetary penalty pursuant to s. 28.3(1)(a) of the Act, s. 20.1(2)(b) and s. 20.1(2)(f) of the Regulations.