by FraudInfo

Description of Potential Fraud:

fraud-warning

This bulletin from the Ministry of Government Services has come to our attention:

In 2008, the Ministry of Government Services introduced new criteria related to obtaining authorization to register documents in the electronic land registration system (ELRS) in accordance with the Land Registration Reform Act.

In order to obtain authorization, Teraview account holders are required to satisfy the Director of Land Registration that they meet the new criteria. They are also required to enter into a Registration Agreement with the Ministry, under which the account holder has certain obligations, among them, ensuring all those who hold a personal security license (PSL) under the account to submit documents electronically for registration are in compliance with the terms of the agreement. Once the Director is satisfied that the requirements are met, authorization is granted for a period of no less than five years.

The first of the Registration Agreements executed under this process will begin to expire in early 2013. The Notice of Decision document sent to account holders upon authorization contains the specific expiration date for each account.

The Ministry has performed a review of the authorization files and is currently finalizing a streamlined process for the renewal of authorizations. Account holders will be provided further information about the process over the next several months.

In order to ensure continuity for account holders during this time, the Ministry is extending the expiry date of Registration Agreements that expire within the months of January through to and including September, 2013, to September 30, 2013.

During this extension period, account holders will continue to be bound by the terms of their Registration Agreement. Continued use of the electronic land registration system for the purpose of submitting documents electronically for registration will constitute account holders’ acceptance of the terms of this extension.

New Teraview account holders who have not yet obtained authorization from the Director of Land Registration to register documents electronically must continue to use the existing application process. Information about this process, including the application guide and required documentation, are on the ServiceOntario website at www.serviceontario.ca/landregistration, by selecting ‘Electronic Registration’ from the menu on the left side of the page.

Questions regarding authorization renewals, the extension period, or new applications may
be directed to the Ministry at (416) 314-3138 or toll-free at 1-866-262-8135.