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Step-by-step guide to acting in mortgage transactions (NSW) - On-demand

Course ID ID22031_PRO1

  • Online
  • 2
  • Foundation
  • 2 CPD POINTS

You can purchase and access this content at any time for up to 6 (six) months from the date of purchase.

Every mortgage transaction is different and can involve a variety of issues. This course discusses the responsibilities and obligations of solicitors who act for mortgagees or for mortgagors in transactions involving a mortgage of an estate or interest in land. From 1 July 2019, all mortgages, discharges of mortgages, refinances, or any combination of these must be lodged electronically

Whether acting for a mortgagor or a mortgagee, a solicitor must be able to recognise, advise and act on these issues. This course will consider issues involving:

  • Some of the fundamental principles relating to mortgages of land;
  • The duties of a mortgagor’s and of a mortgagee’s solicitor in mortgage transactions over land in New South Wales;
  • Discharges, variations and priorities of mortgages;
  • Mortgagee’s powers on default;
  • Mortgagor’s defences; and
  • The professional regulation of mortgage practices.

This course is divided into 5 modules where you will explore:

  • Getting started – knowing the basics
  • Acting for the borrower
  • Acting for the lender
  • Preparing for settlement
  • Post settlement and discharge of mortgage

At the end of this on-demand course, you may claim 2 CPD points. Please consult the CPD rules for your State/Territory to ascertain how many CPD points you can claim for private study of audio/visual material during the CPD year.

Due to new reporting requirements introduced by the Legal Practice Board of Western Australia on 1 April 2021, practitioners holding WA practising certificates are not currently eligible to claim CPD points for this product.

Price

Full Price $198.00

Alumni/Member Price $178.20

Claiming CPD Units

If you intend to claim CPD units for this educational activity, please note that CPD activities are not accredited by the Law Society of NSW or any other equivalent local authority. If this educational activity extends your knowledge and skills in areas that are relevant to your practice needs or professional development, then you should claim one (1) "unit” for each hour of attendance, refreshment breaks not included. The annual requirement is ten (10) CPD units each year from 1 April to 31 March. Some practitioners, such as accredited specialists are required to complete more than ten (10) units each CPD year.