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Automatic Withdrawal Aw Authorization Form

Automatic Withdrawal Aw Authorization Form

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[Applause] if you only recently started practicing real estate law in Ontario you might not be totally familiar with the Law Society of Ontario's form 9C otherwise known as the electronic trust transfer requisition for closing funds this form follows the same basic structure as a form 9A but it is governed by section 13 of bylaw 9 and it applies to closing funds subsection one of section 13 def findes closing funds as the money necessary to complete or close a transaction in real estate for even greater certainty the bylaw defines the phrase transaction in real estate to mean one of two things the first is a charge on land given for the purpose of securing the payment of a debt or the performance of an obligation including a charge under the Land Titles Act and a mortgage but excluding a rent charge the second is a conveyance of free hold or leasehold land including a deed and a transfer under the land Titles Act but excluding a lease now that you know the bylaw definitions of

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