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


Slifer
03-19-2020, 03:28 PM
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..

Great68
03-19-2020, 06:50 PM
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-General-Instrument-Release.pdf

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

That's about it.

EuterVanWasser
03-19-2020, 06:53 PM
^^ That. The mortgagor needs to discharge through LTO. Cheers.

parm104
03-24-2020, 08:09 PM
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.

lowside67
03-25-2020, 12:59 PM
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.

-Mark