All ELNO transactions require a CoRD Holder Consent.
The consenting party in a Third Party Consent can hold either a certificate of title (CT) or eCT where a paper CT has not issued.
The information on this page provides examples of electronic transactions which require a CoRD Holder Consent (Third Party Consent).
Second mortgage (where second mortgagee is different to first mortgagee)
- The mortgagor (registered proprietor) is taking out a second mortgage with a different mortgagee.
- The first mortgagee is not a party to the transaction and so is invited into the ELNO transaction to prepare a CoRD Holder Consent (Third Party Consent).
- The incoming mortgagee prepares the mortgage instrument and lodges the electronic transaction.
Discharge of second mortgage (where second mortgagee is different to first mortgagee)
- The mortgagor (registered proprietor) has repaid their second loan.
- The first mortgagee is not a party to the transaction and so is invited into the electronic transaction to prepare a CoRD Holder Consent (Third Party Consent).
- The second mortgagee prepares the discharge of mortgage instrument and lodges the electronic transaction.