Auto - Positive TAC Action

[trajesh1]

Hi,

When all parties have signed Documents and Financial Settlement Schedule then if there is a Positive TAC it should automatically be addressed.

The above Idea is because at the last second of settlement though everything is good to go the workspace still rolls out to next slot just because of Positive TAC, It is affecting the customers & unable to settle on time.

[Ames · Accepted solution]

Hi @trajesh1

This is an intentional protection for all incoming roles so that they can consider whatever the activity on title is and determine whether they want to settle over that activity. If you are advancing loan funds and somebody else lodges something on that title, you will want to check if it is a caveat, or mortgage or something else - and whether it is something you are aware of and comfortable with, or whether you want to delay settlement while the matter is looked into.

However, from the December release, title activity notifications should reduce as PEXA will not provide the notification if the identified activity was only a title nomination (or withdrawal of nomination) from that same Workspace.

Ames.

[trajesh1]

Hi Ames, Thanks for the update.