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Can you prepare a consent when acting for a 2nd registered mortgagee on a discharge of mortgage?

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  • Can you prepare a consent when acting for a 2nd re...

Can you prepare a consent when acting for a 2nd registered mortgagee on a discharge of mortgage?

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FishburnWatsonOBrien
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‎11-02-2019 03:11 PM - edited ‎11-02-2019 03:11 PM

‎11-02-2019 03:11 PM - edited ‎11-02-2019 03:11 PM

Can you prepare a consent when acting for a 2nd registered mortgagee on a discharge of mortgage?

I act for the registered second mortgagee on a NSW property. Both mortgagees are discharging their mortgages as part of a sale of land. 

 

Am I right to think that I don't need to (and cannot) prepare a Consent for this transaction. PEXA is showing the first mortgagee as the CoRD holder.

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  • Document Preparation
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Clarkee
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‎12-02-2019 08:40 AM - edited ‎12-02-2019 08:42 AM

‎12-02-2019 08:40 AM - edited ‎12-02-2019 08:42 AM

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Re: Can you prepare a consent when acting for a 2nd registered mortgagee on a discharge of mortgage?

That is right!

 

It is the responsibility of the CoRD Holder to prepare the Consent within the Workspace prior to settlement.

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Clarkee
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‎12-02-2019 08:40 AM - edited ‎12-02-2019 08:42 AM

‎12-02-2019 08:40 AM - edited ‎12-02-2019 08:42 AM

Solution

Re: Can you prepare a consent when acting for a 2nd registered mortgagee on a discharge of mortgage?

That is right!

 

It is the responsibility of the CoRD Holder to prepare the Consent within the Workspace prior to settlement.

2 Likes
Reply
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