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Standalone Discharge Vic

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  • Standalone Discharge Vic

Standalone Discharge Vic

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JQ
JQ
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on ‎19-11-2018 12:34 PM

on ‎19-11-2018 12:34 PM

Standalone Discharge Vic

When submitting an standalone discharge for Victoria via PEXA, you have to manually select issue paper CT in the lodgement instruction's or it automatically remains eCT. My suggestion would be to change this to default issue CT as the title should never remain eCT once mortgages are removed, customers cannot transact on eCT.

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  • Lodgement
  • VIC
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HeatherC
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‎19-11-2018 01:12 PM - edited ‎19-11-2018 01:15 PM

‎19-11-2018 01:12 PM - edited ‎19-11-2018 01:15 PM

Re: Standalone Discharge Vic

Hi @JQ, 

 

Many cash purchasers prefer their lawyer or conveyancer retain control of their eCT after settlement in the same way as they might hold their pCT for safekeeping in a deeds register. 

 

As Land Use Victoria has indicated that paper Certificates of Title will not exist in future, many practitioners are encouraging their clients to opt for eCTs now. 

 

Heather

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