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CoRD Consent

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  • CoRD Consent

CoRD Consent

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Limeconveyancing
Limeconveyancing
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on ‎14-01-2019 12:06 PM

on ‎14-01-2019 12:06 PM

CoRD Consent

When generating Consent in the PEXA workspace it comes back in error and  tells me 'Standalone Transacting Party Consent Only allowed for CORD Title'.

I act for the vendors, I have the CT and there are no banks involved.  Why can't I generate the required form?

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Accounts
Accounts
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on ‎03-04-2019 04:18 PM

on ‎03-04-2019 04:18 PM

Re: CoRD Consent

We have the same issue and do not understand why?



 

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MichelleFinn
MichelleFinn
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on ‎04-04-2019 08:17 AM

on ‎04-04-2019 08:17 AM

Re: CoRD Consent

Hi @Limeconveyancing. You will receive that error message if there are currently no other documents in the workspace. Once the other document/s are prepared and verified this error message will be removed.

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sonia-collins
sonia-collins Community Superuser
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‎04-04-2019 09:45 AM - edited ‎04-04-2019 02:55 PM

‎04-04-2019 09:45 AM - edited ‎04-04-2019 02:55 PM

Re: CoRD Consent

Yes - various aspects of the PEXA workspace documents are relying on other docs to be there in a sequence of events

This is not always possible, so you may be the first one in there - and therefore it is only recognising you and your actions - so doing a CORD when there is no one to be on the receiving side will state the error.

 

This is similar when we create a Discharge of Mortgage in the workspace (or CORD) 

We have Practitioners querying us why we have created the DOM and the Fees, when it is the Lodging party who needs to have it in their name to pay the Fees.

At that point there is no document from the lodging party and therefore PEXA will allocate the fee in the first instance to the creator of the DOM (MOT doesn't create it or amend it as it is a locked down function)

When the other party creates their Transfer or Mortgage and verified, then it moves to the correct owner and lodger in the system. 

We also can have CORD errors too if we are the first creator of the DOM/CORD.

 

So one of the checks you can do if you get an error, what is the error related to, and if, all sequences being equal, have you prepared a document, that would normally rely on another party to also have created their docs. If you contact the other party to do their docs (if ready) as you need to check the error will go correct itself, you'll ensure there are not last minute problems.  

 

regards

Son

  • Tags:
  • CORD
  • sequence of documents
  • unknown errors
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