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Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

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Old 03-19-2020, 03:28 PM   #1
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Does anyone how to discharge a mortgage after paying it off?

Does anyone how to discharge a mortgage after paying it off?

Ugh, I just realized I needed to do that after paying it off a year ago..
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Old 03-19-2020, 06:50 PM   #2
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Your mortgage lender needs to fill out a Form C Release and submit to the Land Title Authority.

https://www.ltsa.ca/docs/Form-C-Gene...nt-Release.pdf

https://ltsa.ca/property-information...-paid-mortgage

That's about it.
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Old 03-19-2020, 06:53 PM   #3
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^^ That. The mortgagor needs to discharge through LTO. Cheers.
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Old 03-24-2020, 08:09 PM   #4
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Quote:
Originally Posted by Slifer View Post
Does anyone how to discharge a mortgage after paying it off?

Ugh, I just realized I needed to do that after paying it off a year ago..
Depending on who your bank is, you may need to get in touch with a lawyer or notary to have it discharged.
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Old 03-25-2020, 12:59 PM   #5
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Depending on who your bank is, you may need to get in touch with a lawyer or notary to have it discharged.
In general you shouldn't - the banks have the teams in place to handle this stuff internally, no need to incur this cost. Once paid off, it should be as simple as requesting it to be discharged from your bank.

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