Front Counters Open By Appointment Only Alert Level: LOW

Please be aware that LTSA’s Land Title Office front counters are open by appointment only to protect the safety of our customers and staff. Customers can contact the Customer Service Centre on 1-877-577-LTSA (5872) to book an in-person visit.

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Learn More About Land Owner Transparency Registry (LOTR) Alert Level: LOW

In July 2022, a letter from the BC Government was sent to land-owning corporations who are potential reporting bodies. If you received this letter, please take the quiz to help determine if you are required to file. For more information, visit landtransparency.ca.

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Direct Release of Mortgages by Financial Institutions

Available July 25, 2022, financial institutions that release a mortgage (including assignment of rents, priority agreement and modification) through an Authorized Subscriber Register (ASR) member will be able to submit a mortgage release through a simplified process. Financial institutions will be able to both execute and certify a Form C (Release by Authorized Subscriber Register Member) using an ASR member’s Juricert e-signature. The electronic version with the ASR e-signature is both the original and executed form; there is no printed execution copy. The new form includes a certification statement to reflect the new process permitted by section 168.32 of the Land Title Act and the E-filing Directions.

Currently, mortgage releases are executed under Part 5 of the Land Title Act, which requires an officer witness. This means financial institutions must have at least two people involved to release mortgages, in addition to the subscriber certification with a Juricert digital certificate.

For financial institutions who use a legal professional to release mortgages, the process for releasing a mortgage will not change. The authorized signatory for the financial institution will apply a wet-ink signature on the execution copy, which is witnessed by an officer, and a subscriber will certify the form before it is submitted.

 

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