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Electronic Certificates of Title (eCT)

An eCT means that the bank does not hold a paper certificate of title for the current edition of a folio. Instead the mortgagee is recorded as having Control of the Right to Deal (CoRD) on the Register.

The following text on a land title search indicates that an eCT exists and who controls it:

"NO CERTIFICATE OF TITLE HAS ISSUED FOR THE CURRENT EDITION OF THIS FOLIO.

CONTROL OF THE RIGHT TO DEAL IS HELD BY [mortgagee name]."

Currently eCTs are only available to APRA regulated financial institutions who hold a registered first mortgage.

eCT and paper dealings, plans and ePlans

When an eCT has issued, the party with Control of the Right to Deal (CoRD) must lodge a CoRD Holder Consent in order to consent to the registration of paper registry instruments, plans and ePlans.

A CoRD Holder Consent is an electronic document lodged via PEXA by the CoRD holder. It must specify details about the dealings and parties involved in the transaction permitted for registration.

Practitioners should complete a Request for CoRD Holder Consent eForm and submit to the CoRD holder to enable processing and lodgment of a CoRD Holder Consent. See the section in the Registrar General's Guidelines for more information. 



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