Financial Services Flash - Regulatory Changes to the Ontario Repair and Storage Lien Regime

On December 18, 2015, the Government of Ontario announced important impending changes to Ontario’s storage and repair laws, designed largely to improve vehicle storage and repair practices and to lower associated costs. Key changes to the Ontario Repair and Storage Liens Act will take effect on July 1, 2016, and will benefit vehicle owners, the asset-based finance industry and insurers.