Lenders must develop ID verification policies for electronic conveyancing
A precursor to a modern electronic titling and conveyancing system is verified identity of the title holder. The paper duplicate title will vanish over time.
Failure to take reasonable steps to verify the identity of a mortgagor in an electronic conveyancing process may result in the mortgage being deregistered. This is the approach being taken by the South Australian Registrar General for electronic conveyancing, according to a recent report.
Contact Matt Duker
Director & Licensed Conveyancer (Licence No 000935L)
Yay! Thanks so much for all your help, you have made the process less stressful and your assistance/patience with helping me understand the process was so valuable in making me feel supported throughout the transaction. Thanks again.Lauren C - First Home buyer