on 20-06-2018 07:40 PM
My firm acts as a panel solicitor for a mortgagee which is a non-transacting subscriber to PEXA.
The interactive tutorial indicates that it is possible for a panel solicitor acting for a mortgagee for a Victorian property to edit the lodgement instructions so that an eCT will be issued to the mortgagee rather than the panel solicitor.
Is that correct? I am trying to double-check as someone in my firm said that the issuing instructions could not be edited to achieve this and we would need to do a separate nomination and transfer to the mortgagee after the PEXA workspace for the incoming mortgage has settled. However, the interactive tutorial seems to indicate that we should be able to issue the eCT to the mortgagee within the lodgement instructions for the original mortgage workspace.
Appreciate your assistance as soon as possible.
on 22-06-2018 08:26 PM
This sounds like a question for @GeorgePolus. But in the meantime I've conducted a quick search and found this thread which seems to suggest you can add your Panel Master in the issuing instructions. George refers to a change in the November release, so I've also found the Release Notes for last November. There's a section under Victoria called "Change to Issuing Instructions - Represented Party".
That may provide a bit more guidance, but if not, I'm sure we can have George provide more help next week.
Best of luck!
on 24-06-2018 09:10 AM
You are correct. Since PEXA R7 (Nov 2017) PEXA has provided a capability for a Panel Member to direct CT Control to the Panel Master, provided the Panel Master is a represented Party in the lodgement case.
Please let me @GeorgePolus know if you have more questions or require more detail.