{"id":730,"date":"2018-08-27T15:00:00","date_gmt":"2018-08-27T14:00:00","guid":{"rendered":"https:\/\/hub.findingsimple.com\/au\/resources\/resource\/electronic-conveyancing-national-law-forged-mortgages-sample-article\/"},"modified":"2020-06-03T07:01:53","modified_gmt":"2020-06-03T07:01:53","slug":"electronic-conveyancing-national-law-forged-mortgages-sample-article","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/electronic-conveyancing-national-law-forged-mortgages-sample-article","title":{"rendered":"The Electronic Conveyancing National Law, Forged Mortgages and Immediate Indefeasibility [Sample Article]"},"content":{"rendered":"<p class=\"intro-paragraph\">The <a href=\"http:\/\/insight.thomsonreuters.com.au\/resources\/resource\/electronic-conveyancing-toolkit\">introduction of the Electronic Conveyancing National Law (ECNL)<\/a>, with its emphasis on the verification of identity (VOI) of the mortgagor by a mortgagee, is expected to reduce the registration of forged mortgages.<\/p>\n<p>In this <a href=\"https:\/\/legal.thomsonreuters.com.au\/property-law-review-online\/productdetail\/106238?showform=yes\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Property Law Review<\/em><\/a>&nbsp;article, authors Penny Carruthers and Natalie Skead argue that a major deficiency in the ECNL is the failure to incorporate \u201ccareless mortgagee\u201d provisions as they appear in the Queensland, New South Wales and Victorian Torrens statutes. The result is that the law in the remaining Australian jurisdictions is uncertain as to the effect of a registered forged mortgage to a non-fraudulent mortgagee who has failed to undertake mortgagor VOI. In Western Australia, the divergence in the law is even more pronounced by the enactment of s 105(3)\u2013(5) of the <em>Transfer of Land Act 1893<\/em>.<\/p>\n<p>This article explores the ECNL, the careless mortgagee provisions and s 105(3)\u2013(5) TLA and considers the potential impact of each on three classic mortgage fraud cases. The authors conclude that careless mortgagee provisions ought to be included in all jurisdictions and s 105(3)\u2013(5) ought to be repealed.<\/p>\n<p>Simply complete the form on the right to download your copy now.<\/p>\n<p><em>Thomson Reuters recently hosted a free webinar,&nbsp;<a href=\"https:\/\/connect.thomsonreuters.com.au\/webinar-econveyancing-ondemand?utm_source=econveyancing-ondemand-webinar-fly-out&amp;utm_medium=banner&amp;utm_campaign=legalsolutions-practicallaw\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>e-Conveyancing &#8211; Coming, Ready or Not<\/strong><\/a>.<strong>&nbsp;<\/strong>Christine Gray, Head of Commercial Real Estate &amp; Skye Balasingham, Senior Writer &#8211; Banking and Finance at Practical Law Australia, provided an up-to-date primer on the mandatory use of PEXA for banking and conveyancing transactions, and offered guidance on how to remain vigilant in the management of systems and procedures.&nbsp;<a href=\"https:\/\/connect.thomsonreuters.com.au\/webinar-econveyancing-ondemand?utm_source=econveyancing-ondemand-webinar-fly-out&amp;utm_medium=banner&amp;utm_campaign=legalsolutions-practicallaw\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> to access the on-demand recording.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The introduction of the Electronic Conveyancing National Law (ECNL), with its emphasis on the verification of identity (VOI) of the mortgagor by a mortgagee, is expected to reduce the registration&hellip;<\/p>\n","protected":false},"author":2,"featured_media":731,"template":"","categories":[646,648,625],"tags":[144,199,396,442,517],"resource_type":[626],"insight_job_role":[598,604,614,628],"insight_practice_area":[571,621],"class_list":["entry","author-legaladmin","post-730","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-legal-commentary-and-opinion","category-legislation-and-case-law","category-research-and-know-how","tag-conveyancers","tag-e-conveyancing","tag-mortgages","tag-property-exchange-australia","tag-torrens-system","resource_type-sample-chapter","insight_job_role-in-house-lawyer","insight_job_role-knowledge-manager","insight_job_role-partner","insight_job_role-solicitor","insight_practice_area-banking-and-finance-law","insight_practice_area-property-law","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Electronic Conveyancing National Law and Forged Mortgages<\/title>\n<meta name=\"description\" content=\"The introduction of the Electronic Conveyancing National Law is expected to reduce the registration of forged mortgages. In this article, we explore the ECNL, the careless mortgagee provisions and s 105(3)\u2013(5) TLA and consider the potential impact of each on three classic mortgage fraud cases.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/electronic-conveyancing-national-law-forged-mortgages-sample-article\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electronic Conveyancing National Law and Forged Mortgages\" \/>\n<meta property=\"og:description\" content=\"The introduction of the Electronic Conveyancing National Law is expected to reduce the registration of forged mortgages. In this article, we explore the ECNL, the careless mortgagee provisions and s 105(3)\u2013(5) TLA and consider the potential impact of each on three classic mortgage fraud cases.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/electronic-conveyancing-national-law-forged-mortgages-sample-article\" \/>\n<meta property=\"og:site_name\" content=\"TR - Legal Insight Australia\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-03T07:01:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insight.thomsonreuters.com.au\/legal\/wp-content\/uploads\/sites\/8\/2019\/06\/electronic-conveyancing-national-law-cover_image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2121\" \/>\n\t<meta property=\"og:image:height\" content=\"1414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/electronic-conveyancing-national-law-forged-mortgages-sample-article\",\"url\":\"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/electronic-conveyancing-national-law-forged-mortgages-sample-article\",\"name\":\"Electronic Conveyancing National Law and Forged Mortgages\",\"isPartOf\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/legal\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/electronic-conveyancing-national-law-forged-mortgages-sample-article#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/electronic-conveyancing-national-law-forged-mortgages-sample-article#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insight.thomsonreuters.com.au\/legal\/wp-content\/uploads\/sites\/8\/2019\/06\/electronic-conveyancing-national-law-cover_image.jpg\",\"datePublished\":\"2018-08-27T14:00:00+00:00\",\"dateModified\":\"2020-06-03T07:01:53+00:00\",\"description\":\"The introduction of the Electronic Conveyancing National Law is expected to reduce the registration of forged mortgages. 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