This program will give you an introduction to PEXA, how it works and how it can help you transform your business processes.
Here you’ll find more than 230 help articles and videos to assist you.
Keep up to date with the latest PEXA product releases, and read up on the property blog.
Can settlement funds be deducted directly from the client's bank account or do they have to be in the solicitor's trust account? Please help asap for a settlement early next week!
Go to Solution.
As a general rule, Source funds can come from 3 different Sources:
* A Financial Institution's loan funds; and/or
* If that Financial Institution has authority from the client they can provide funds out of the client's account; and/or
* The Solicitor/Conveyancer's Trust Account/Source Account
So if there is no Financial Institution involved the source funds can only be provided via the Solicitor/Conveyancer's Trust Account/Source Account
I hope this helps.