Rajwant Kaur Banwait – Mortgage Associate Licence Suspended
Calgary, Alberta – On October 22, 2014, a Real Estate Council of Alberta (RECA) Hearing Panel ordered the continuation of Rajwant Kaur Banwait’s suspension as a mortgage associate. The Hearing Panel also ordered Ms. Banwait to pay a fine of $20,000 and costs of $12,500.
The Hearing Panel found Ms. Banwait:
- failed to cooperate fully with Real Estate Council of Alberta investigators
- failed to provide and respond fully to all requests for information from Real Estate Council of Alberta investigators
The Hearing Panel ordered Ms. Banwait’s suspension to continue until such time as she cooperates with RECA’s investigation to the satisfaction of the Executive Director.
Ms. Banwait was previously registered with Verico Titus Finanicial Ltd. in Edmonton.
To review the Hearing Panel decision in its entirety, please click here.
The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for governing real estate, mortgage broker, and real estate appraisal industry professionals under Alberta’s Real Estate Act. RECA is mandated to protect consumers and to provide services that enhance and improve the industry and the business of industry professionals.