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Frequently asked questions - Landonline Stage Two (conveyancing)
Paper Dealings
How long will the manual system will continue?
Due to the complexity of subdivisions it would be difficult on current technology to fully automate all scenarios. Accordingly the manual system will continue, albeit in a reduced form.
If you want to limit trustees' liability, does it have to be paper-based?
The limitation clause does not need to be noted in the mortgage. It can be included in separate documentation such as the loan agreement and/or Deed of Guarantee. LINZ advised Banks to review their mortgage documentation with a view to making alternative arrangements for Trustee Limitation clauses along these lines. If a transaction could be electronic, but for a mortgagee requiring it to be in the mortgage, the mortgagee should be approached with a view to amending that requirement.
Have the certifications for paper dealings changed?
No. The client still signs the instrument and the solicitor signs correct.
Back to Facts you should know about e-dealing
Last modified 5 October 2006
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