on 14-08-2017 01:41 PM
on 14-08-2017 01:41 PM
Hello All
We have a refinance of NSW property in PEXA. The registered proprietor is currently registered on Title under her maiden name. I have amended the Participants screen to reflect the change of name, with the evidence document being the marriage certificate, and have entered that registered number. It has allowed me to change that in PEXA. Just wondering do I also need to send the paper Change of Name document to the LPI with certified copies of the ID documents, including the Marriage Certificate? Previously in the past we have done paper settlements, where any change of name is necessary. Can someone assist please? I just do not want to get to settlement and there is an issue - Thanks for your help.
Solved! Go to Solution.
on 14-08-2017 05:15 PM
on 14-08-2017 05:15 PM
SolutionHi Helen,
Currently, only the jurisdiction of VIC allows Change of Name of Mortgagor to be effected using a justification via an electronic transaction. Using the this method the Incoming Mortgagee effects the Change of Name of the Proprietor and lodges the new Mortgage in the same transaction. A separate Change of Name transaction is not required.
However, today, in NSW, a paper Change of Name must be lodged to effect the Change of Name of the Proprietor, then the Mortgage using the 'new' name of the Mortgagor may be lodged.
The good news however is that the NSW Registrar has agreed to enable Change of Name of Mortgagor to be effected using a justification via an electronic transaction. This change will be in effect in NSW from May 2018.
Please let me know if you need more information.
on 14-08-2017 05:15 PM
on 14-08-2017 05:15 PM
SolutionHi Helen,
Currently, only the jurisdiction of VIC allows Change of Name of Mortgagor to be effected using a justification via an electronic transaction. Using the this method the Incoming Mortgagee effects the Change of Name of the Proprietor and lodges the new Mortgage in the same transaction. A separate Change of Name transaction is not required.
However, today, in NSW, a paper Change of Name must be lodged to effect the Change of Name of the Proprietor, then the Mortgage using the 'new' name of the Mortgagor may be lodged.
The good news however is that the NSW Registrar has agreed to enable Change of Name of Mortgagor to be effected using a justification via an electronic transaction. This change will be in effect in NSW from May 2018.
Please let me know if you need more information.
on 18-08-2017 08:22 AM
on 18-08-2017 08:22 AM
Hi George
Thank you for your response. It certainly answered my question.
on 09-11-2017 10:12 AM
on 09-11-2017 10:12 AM
Hi George,
Just wanting to confirm that the only jurisdiction that allows for an Electronic change of name (via PEXA) on a title is Vic.
Do you know when or if the other jurisdictions will be looking to allow the completion of Change of Name via PEXA?
Regards
NS
on 09-11-2017 11:36 AM
on 09-11-2017 11:36 AM
Hi Nathan,
Yes, currently only VIC allows Change of Name of Proprietor via Justification on a Mortgage.
I am pleased to report that all jurisdictions have agreed to build the same capability as is available in VIC.
NSW and SA will be next to build the capability,
NSW - May 2018,
SA - Nov 2018 ,
QLD and WA are currently working to firm their plans.
Please let me know if you have more questions
Regars, @GeorgePolus
on 09-11-2017 01:50 PM
on 19-09-2018 10:39 AM
on 19-09-2018 10:39 AM
is a change of name in NSW to be processed through PEXA or still paper?
on 19-09-2018 11:50 AM
on 19-09-2018 11:58 AM
on 19-09-2018 11:58 AM
Thanks Emily.
Just unsure if the date of May 2018 applicable for NSW is solely for Change of Name of Proprietor via Justification on a Mortgage?
I simply need to lodge a Change of Name to incorporate middle name of Proprietor. So what 'evidence' is required?
on 19-09-2018 12:35 PM
on 19-09-2018 12:35 PM
Hi Laura,
For a stand-alone change of name in NSW, you will need to lodge in paper.
The capability built by NSW LRS is for a Mortgagee to effect a CoN of Mortgagor via justification on a Mortgage.
Regards,
George