Examples for paper registry instruments
Examples for paper registry instruments
A CoRD Holder Consent (Transacting Party Consent) is lodged to consent to the registration of paper registry instruments when:
- no certificate of title (CT) has issued for the current edition of the folio,
- the first registered mortgagee holds an eCT for the land title, and
- is involved in the paper transaction.
The information on this page provides examples of paper transactions which require a CoRD Holder Consent (Transacting Party Consent).
Discharge of the only mortgage
- The mortgagor (registered proprietor) has repaid their loan.
- The discharging mortgagee has given a paper discharge of mortgage to the mortgagor to lodge themselves with NSW LRS.
- The discharging mortgagee is a party to the transaction and lodges a CoRD Holder Consent (Transacting Party Consent) through PEXA to consent to the paper discharge of mortgage.
Refinance
- The mortgagor (registered proprietor) is refinancing their mortgage.
- The discharging mortgagee is a party to the transaction and lodges a CoRD Holder Consent (Transacting Party Consent) through PEXA to consent to the following paper instruments:
- discharge of mortgage (with the discharging mortgagee),
- mortgage (to the incoming mortgagee).
Transfer of land
- The mortgagor (registered proprietor) is selling their land.
- The discharging mortgagee is a party to the transaction and lodges a CoRD Holder Consent (Transacting Party Consent) through PEXA to consent to the following paper instruments:
- discharge of mortgage (with the discharging mortgagee),
- transfer (to the incoming proprietor), and
- mortgage (to the incoming mortgagee).