About SusanH

Pexa makes our lives so much easier with being able to lodge paid in full discharges of mortgages instantly without having to send paper instructions to an agent to lodge and being able to organise settlements via Pexa again without the paper trail. ... View more

@SusanH wrote: Hi, Just wondering what the industry standard is for authority to transfer ECT Control.   For instance the bank has discharged their mortgage but as the title is eCT, the bank retains control of the clear eCT.   To transfer control to the customer's solicitor is a letter from the solicitor acceptable or do we need authority from the customer with identify confirmed under the verification of identity standards?   Yes, this seems very cumbersome especially as we are trying to move to the electronic world.   In other States we don't have to remain ECT controller on lear titles and there doesn't seem to be an issue with fraud.  It makes it very difficult to have so many different rules for different States.      ... View more

Hi, Just wondering what the industry standard is for authority to transfer ECT Control.   For instance the bank has discharged their mortgage but as the title is eCT, the bank retains control of the clear eCT.   To transfer control to the customer's solicitor is a letter from the solicitor acceptable or do we need authority from the customer with identify confirmed under the verification of identity standards? ... View more