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Transfer eCT Control

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  • Re: Transfer eCT Control

Transfer eCT Control

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mli89
mli89
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on ‎17-07-2019 11:38 AM

on ‎17-07-2019 11:38 AM

Transfer eCT Control

in transfer of eCT scenario, what is the difference (and implications if any) between categorising the transaction as commercial transaction vs non-commercial transaction?

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  • E-Conveyancing Community
  • VIC
  • Tags:
  • eCT Control
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HeatherC
HeatherC Gold Star Employee
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on ‎07-08-2019 10:25 AM

on ‎07-08-2019 10:25 AM

Re: Transfer eCT Control

Hi @mli89, 

 

This is a flagging mechanism for the banks, as they often have different streams of work for residential and commercial matters. Ensuring the correct category is selected means the right team will be notified of the matter and be able to action efficiently. 

 

Heather

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