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.
Thanks very much Matt. Great job and all appreciated. I will certainly look to you, if buying or selling in the future. Kind RegardsJoe & Maria C - Vendor Bentleigh