What is required to complete a mortgage advance under TD Waterhouse's Arm's Length Mortgage Agreement?
Ontario, Canada
The following excerpt is from Chriss v. The TD Bank Financial Group, 2013 ONSC 7508 (CanLII):
TD Waterhouse requires the account holder to do the following prior to completing the mortgage advance (forms are provided as part of the Arm’s Length Mortgage Package): (a) Ensure there is sufficient cash in the account; (b) Complete and return the following forms: i. Mortgage details ii. Arm’s Length Declaration iii. Letter of Direction re: Funds iv. Arm’s Length Mortgage Agreement v. Pre-Authorization Debit Form (if applicable) (c) Provide a draft copy of the mortgage.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
Does a mortgage with attornation clause in the mortgage law apply to a mortgage where the mortgage is not attornment clause? (Ontario, Canada)
What is a 25% discount when a mortgage is advanced to pay off a couple's mortgage? (Ontario, Canada)
What is the test for a mortgage lender's ability to assess the value of a mortgage security under mortgage law? (Ontario, Canada)
When a motion judge approved the sale agreement and technology license agreement and approval of the sale and sale agreement, what analysis applied? (Ontario, Canada)
If a mortgage is renewed, does the original mortgage set out the principal amount and the interest rate calculated half-yearly not in advance? (Ontario, Canada)
Does the requirement of uberrima fides apply when the parties have entered into a separation agreement requiring the parties to pay support for the children of the marriage? (Ontario, Canada)
Is a solicitor required to sign a letter of approval to complete the sale and purchase of a farm? (Ontario, Canada)
If a contractor drafted a contract drafted to be completely unenforceable, when the contractor has not completed the job, can the contract still be enforceable? (Ontario, Canada)
What is the effect of the parties’ agreement on the division of net family property pursuant to the terms of the agreement? (Ontario, Canada)
Does a partial execution of a renewal agreement require the payment of principal and interest to be blended? (Ontario, Canada)
