TORONTO, June 14 (Reuters) - Home Capital Group Inc HCG.TO said on Wednesday it had agreed on a settlement with the Ontario Securities Commission and accepted responsibiity for misleading investors about problems with its mortgage underwriting procedures.
Canada's biggest non-bank lender said that it would make a payment of C$10 million ($7.6 million) and reimburse the commission's costs of C$500,000. It also said that it would make a payment of C$29.5 million to settle a class action lawsuit. ($1 = 1.3234 Canadian dollars)