Kelowna deal tied to mortgage broker fine

A B.C. mortgage broker has agreed to pay more than $28,000 after admitting to disclosure issues in three Okanagan real estate transactions.

Alan James Fetterly entered into a consent order with the B.C. Financial Services Authority, including a case involving a Kelowna property.

The regulator says key information was not properly disclosed to those involved.

“Mortgage brokers are held to a high standard for disclosures for a reason,” said BCFSA executive Jon Vandall in a media release.

Fetterly agreed to pay a $20,000 penalty, along with more than $8,300 in investigative costs.