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Jess_Caire

Priority Notices: Registering an Incoming Mortgagee

Hi QLD Community,

 

Recent feedback from DNRME has highlighted that some Priority Notices are preventing automatic registration on following documents due to the incorrect names being entered for the incoming parties.

For example, there has been instances where Subscribers are entering an incoming mortgagee on a Priority Notice as ‘CBA – Commonwealth Bank of Australia’.  However the incoming mortgagee on the Mortgage, has the legal name of “Commonwealth Bank of Australia”.

When this occurs, a warning is returned to the Subscriber of the incoming document and all of the documents in the workspace are flagged for manual examination so Registry staff can investigate the discrepancy.

By ensuring that the details on the Priority Notice reflect the correct legal entities, you can prevent these delays and could even prevent a requisition that would slow down the registration process.

Thanks

Jess 

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LaurenFraney

Re: Priority Notices: Registering an Incoming Mortgagee

Thanks for sharing Jess!  Some helpful feedback.

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TBruce

Re: Priority Notices: Registering an Incoming Mortgagee

Hi Jess

 

If we have our Priority Notice lodged with "Suncorp-Metway Ltd" but the mortgagee prepares it as "Suncorp-Metway Limited" will this be requisitioned? Smiley Happy 

 

Thanks, 

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Jess_Caire

Re: Priority Notices: Registering an Incoming Mortgagee

Hi @TBruce 

Thanks for the question. This is probably a query best raised with Land Registry as PEXA has no control over requisitions. 

Let me know how you get on, 

Thanks

Jess