British Columbia Mortgages Practice Manual - Print

Navigate each step of a mortgage transaction—from receipt of instructions to closing—with confidence

This publication is essential for: lawyers acting for borrowers, guarantors, and lenders in mortgage transactions

Current to: May 1, 2021

British Columbia Mortgages Practice Manual covers almost every practical issue that can arise from the wealth of rules and regulations that govern mortgage lending in BC. This resource offers you topic-by-topic guidance through the entire mortgage process from receiving lender's instructions and conducting searches to preparing mortgage documents and concluding the mortgage, focusing on the residential mortgage transaction but also discussing special considerations for commercial mortgages.

With this resource, you will be able to:

• understand the legal principles underlying the mortgage process
  
• refer to over 80 precedents including search letters, file documentation, opinions, and special mortgage templates 
  
• ensure you don't miss a step with checklists for client verification, mortgage procedure, drafting, and PPSA registration

Buy today and master your mortgages practice! View a sample from this book!

Highlights of the 2021 Update include:

• BCCA: limitation periods and extinguishment of security
• Web Filing of land title registrations
• Land Owner Transparency Registry filing requirements
• updated search info: heritage designations, archaeological sites, First Nations lands
• second mortgages: BCCA on priority issues associated with tacking
• closing procedures: COVID-19 practices
• updated info on client identification and verification requirements
• withholding tax treaty restrictions on mortgage interest payments
• 2018 change in accounting principles re effect on reserves of impairment losses on doubtful loans
• speculation and vacancy, empty homes taxes

Discover all of our Real Estate resources here

CLEBC Legal Editor
Joy Tataryn
jtataryn@cle.bc.ca 

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