A Mortgagors name can be justified when lodging a National Mortgage in VIC, NSW and SA.
This is commonly used in refinances where the party on title (i.e. the mortgagor) has changed their name (for example, a party has married). The name/s can also be justified when lodging a standalone mortgage.
To update their name:
On the Participants screen, locate the party who has changed their name
Click Edit Party
Amend their name
Enter in the justification, reasons and evidence
It will display as below:
Justification Details are presented in the National Mortgage.
Note: For NSW, ANotice of Saleis required to be completed by theIncoming Mortgageeand will need to be lodged in support with the National Mortgage. It will automatically be created.
It will display as In Preparation. Next to the Notice of Sale, select Edit, complete the document and select Save.