Protecting your identity – new requirements to minimise fraud
Protecting your identity – new requirements to minimise fraud
Next time you visit your lawyer or conveyancer in connection with the sale, purchase, transfer or subdivision of property, to obtain advice about and sign guarantee documents or to collect title documents from safe custody, you will be asked to produce evidence of your identity.
New rules issued by the Registrar of Titles require lawyers and conveyancers to take reasonable steps to verify their client's identity before any dealing in land is lodged for registration. Lawyers are also obliged to verify your identity before giving advice on any guarantee document and before releasing title documents held in their safe custody systems.
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