TitlePLUS Confirmed Lenders Chart
Instructions re lenders  Instructions re lenders

Lender

Send pre-closing Confirmation to Mortgage Lender?1

Approved Exceptions for Schedule "A"2

The following are defined for the purposes of this chart as "Standard Approved Exceptions". Where they apply, they do not need lender approval prior to release of funds:

  1. registered restrictions or covenants running with the land, provided there is no specific instance of non-compliance;
  2. minor easements for the supply of domestic utility or telephone services to the property or adjoining properties;
  3. easements for drainage, storm or sanitary sewers, public utility lines, telephone lines, cable television lines or other services which do not materially affect the present use of the property.

Send pre-closing Requisition for Funds?

Post-Closing Documents

Always use the TitlePLUS form of Final Report with the documents listed in this column unless stated differently below.

Glossary: "if provided" means "if provided by the lender for you to have executed".

Applicable for:

• Province(s)

• Transaction(s)

Royal Bank of Canada

Not required unless includes non-approved exceptions

The following are approved exceptions which do not need lender approval prior to release of funds:
(1) registered restrictions or covenants running with the land, provided there is no specific instance of non-compliance;
(2) minor easements for the supply of domestic utility or telephone services to the property or adjoining properties;
(3) easements for drainage, storm or sanitary sewers, public utility lines, telephone lines, cable television lines or other services which do not materially affect the present use of the property;
(4) ores, mines and/or mineral rights being reserved and/or excepted from title, or the ownership of the surface rights of the land being separated from the underlying ores, mines and/or mineral rights.
(5) terms and conditions of the leasehold estate, including the manner of using and enjoying the property, restrictions on the use of the property, rent payable under the lease, restrictions on subletting and assignment of the leasehold estate, and/or compliance with the terms and conditions of the lease regarding any option to purchase the property and/or renew the term of the leasehold estate;
(6) vacant land, including the absence of any improvements on the property or the existing zoning;
(7) builder’s right of re-entry to correct grading and drainage and to complete obligations under the subdivision agreement;
(8) easements for access, mutual drives, walkways, and/or maintenance of adjoining properties;
(9) easements, rights and reservations in favour of mining companies that occur commonly in the District of Sudbury and other areas of northern and western Ontario;
(10) reservations in favour of the provincial or territorial government regarding the harvesting of timber, reservations restricting the use of navigable waters as may be necessary for fishery purposes, and/or reservations of a part of the property for roads;
(11) environmental Records of Site Condition for properties in Ontario;
(12) reciprocal, cost-sharing and shared facilities agreements between condominium corporations and/or developers of condominiums;
(13) second mortgages on purchase transactions where both the first and second mortgages are to the Bank;
(14) for properties in Nunavut, in addition to the items set out in Approved Exception (5) above, terms and conditions of the leasehold estate as set out in the lease, including:
i. reservations in favour of the Commissioner of Nunavut or the Commissioner of the Northwest Territories as set out in the lease, including reservations for:
a. mines and minerals found on, upon or under the land;
b. rights of recorded holders of mineral claims and any other claims or permits affecting the property;
c. timber that may be on the property;
d. the right to enter upon, work and remove any rock outcrop required for public purposes;
e. rights of way and rights of entry required under regulations in force in connection with construction, maintenance and use of works for the conveyance of water for use in mining operations; and
f. the right to enter the property for the purpose of installing and maintaining any public utility;
ii. rent payable by a condominium corporation as fixed by the Commissioner of Nunavut or the Commissioner of the Northwest Territories pursuant to the lease; and
iii. unregistered right of re-entry in favour of the Commissioner of Nunavut or the Commissioner of the Northwest Territories, its agents and assigns for the purpose of constructing, operating, maintaining, repairing, replacing or removing public utilities;
(15) any exception where the Bank’s written instructions to the lawyer indicate that the Bank does not require the corresponding search or due diligence (e.g., Certificate of Approval/Use Permit/municipal or governmental approval of private septic system);
(16) incomplete building with open building permit, where the Bank is financing construction on the property; and
(17) existing tenancies, including any illegality or unenforceability of rent, where the Bank’s written instructions to the lawyer indicate that the Bank is financing the property on the basis that the property is to be rented.

For any other potential Schedule “A” exceptions, you must make an “insure over” request to LAWPRO. Do NOT approach the Bank for approval of any exceptions.

NOTICE: We regret that construction loan transactions by this lender are not eligible for TitlePLUS coverage unless you are retained to subsearch title prior to each advance.

Yes

  • Dup. Reg. Mortgage or Proof of Registration (E-reg only)
  • Direction Re: Funds
  • PAC Forms (if provided)
  • Disclosure docs (if provided)
• Alberta • Residential
• British Columbia • Residential
• Manitoba • Residential
• New Brunswick • Residential
• Newfoundland and Labrador • Residential
• Nova Scotia • Residential
• Northwest Territories • Residential
• Nunavut • Residential
• Ontario • Residential
• Prince Edward Island • Residential
• Quebec • Residential
• Saskatchewan • Residential
• Yukon • Residential
 
1 Notwithstanding the individual lender instructions in this chart, the Confirmation is always required to be sent where additional inquiries or verifications (that is, beyond those demanded by the TitlePLUS program) are requested by the lender or you are asking TitlePLUS to "insure over" any title problems/outstanding issues. Additional instructions/"insure over" requests must be set out in a schedule and attached to Confirmation.
2 An "approved exception" must be included in Schedule "A", but you do not need specific lender approval for it. Schedule "A" may also always include the lender's own mortgage and any related security documentation without the need for approval.
 
© Lawyers' Professional Indemnity Company and LawyerDoneDeal Corp.    Read the Fine Print