Mandate

The Section has established a Mortgage Instructions Subcommittee (the “Subcommittee”) to develop a mortgage instructions toolkit for Canadian real estate lawyers (the “Toolkit”).

The goal of the Toolkit is to act as an education tool for real estate lawyers in residential real estate transactions and establish best practices with respect to mortgage instructions. It is hoped that the guidance and model instructions which form the basis for the Toolkit will lead to the lessening of demands made by residential lenders’, such that the responsibility for various conditions of the mortgagee/mortgagor relationship which are currently placed on lawyers is placed on the appropriate professionals.

Visit the Mortgage Instructions Toolkit for more information.

Member Input: If you wish to join this committee or have ideas for new topics related to mortgage instructions, please contact Marina Ceclan.