Current Registered Owner(s)

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The Current Registered Owner(s) section allows you to enter or modify the information related to the Previous Borrower. You enter information on all borrowers (borrower, guarantor or commercial) for which you must send a Payout Request.

The name of each Previous Borrower that you enter in the Current Registered Owner(s) section is displayed in the Interest to be Discharged section allowing you to select it at this point.

Current Registered Owner

The Current Registered Owner(s) section is made of the following components:

Field

Description

Borrower

Click the button to select the Borrower option

Guarantor

Click the button to select the Guarantor option

Commercial

Check the box to select the Commercial option

Note:  Be sure to confirm if the Commercial is a Borrower or a Guarantor

First Name / Name

Enter the First Name and the Name of th Current Registered Owner (mandatory field)

Address

Enter the Address, the Province, the Country and the Postal Code of the Current Registered Owner

Phone Numbers

Enter the Home Phone, the Office Phone and the Cell Phone of the Current Registered Owner

 

Note: In the Current Registered Owner(s) section, only the name of the Borrower is mandatory. Information entered in the Address section and phones section are for informational purposes only.

Note:  By default, the address displayed  in the Address section is the same as that presented in the Property section of the Mandate page. It can be modified, if necessary.

When you select the Commercial option, a warning message displayed:

Commercial_mess

If you confirm, the Commercial box is checked. The Representative section displayed on the right allows you to add information about Commercial.

Note:  You can enter up to 3 representatives per company.

Note:  Be sure to confirm if the Commercial is a Borrower or a Guarantor.

Representative_add_remove

Click the arrow on the left of the name to expand the information about the Current Registered Owner.

The Add button allows you to add a previous borrower. You can add up to 10 Current Registered Owner.

The Remove button allows you to remove a Current Registered Owner.

Note: If the Current Registered Owner is already selected in the Previous Lender page, you will not be able to remove it.