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Electronic Certificates of Title (eCT)

An eCT means that the bank does not hold a paper certificate of title for the current edition of a folio. Instead the mortgagee is recorded as having Control of the Right to Deal (CoRD) on the Register.

The following text on a land title search indicates that an eCT exists and who controls it:

NO CERTIFICATE OF TITLE HAS ISSUED FOR THE CURRENT EDITION OF THIS FOLIO.

CONTROL OF THE RIGHT TO DEAL IS HELD BY [mortgagee name].

Currently eCTs are only available to:

  • APRA regulated financial institutions who hold a registered first mortgage and
  • are PEXA subscribers, or are represented by a PEXA subscriber.

Benefits of eCT

Principal benefits of eCTs include:

  • streamlined processing of electronic transactions in PEXA
  • reduced CT handling and storage costs
  • reduced CT printing and delivery costs for LPI.

eCT and paper dealings, plans and ePlans

When an eCT has issued, the party with Control of the Right to Deal (CoRD) must lodge a CoRD Holder Consent in order to consent to the registration of paper registry instruments, plans and ePlans.

A CoRD Holder Consent is an electronic document lodged via PEXA by the CoRD holder. It must specify details about the dealings and parties involved in the transaction permitted for registration.

Practitioners should complete a Request for CoRD Holder Consent eForm and submit to the CoRD holder to enable processing and lodgment of a CoRD Holder Consent. The request forms are available on the Registrar General’s Directions website.

For information see our fact sheet Attending a paper settlement when the Certificate of Title is in electronic format (PDF 160.6 KB).

More information

For process changes for settlement and lodgment of dealings and plans see LPI Circular 2014-03 (PDF 343.6 KB).

For information on CoRD see the Registrar General’s Directions website. 

Our frequently asked questions on the Registrar General's Directions website wil provide answers to common questions on e-Conveyancing in NSW.

Video

This training video has also been prepared to help practitioners better understand arrangements to deal with Certificates of Title in the initial stages of National Electronic Conveyancing in NSW.

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