Question
Case: Lin v. CIBC Mortgages Inc., 2014 BCSC 2179 (CanLII) Include the answer to the following question: 1. At what point in a mortgage transaction
Case: Lin v. CIBC Mortgages Inc., 2014 BCSC 2179 (CanLII)
Include the answer to the following question:
1. At what point in a mortgage transaction is a lender entitled to security from the borrower: 2. On delivery of the signed mortgage loan agreement form borrower to lender wherein the 3. borrower commits to charge their equity in favor of the lender;
3. On registration of the mortgage with the land title office;
4. On the advance of funds from lender's lawyer/notary to borrower's lawyer/notary; or
5. Only after the borrower's lawyer/notary fulfills any and all conditions applicable to the use of funds advanced?
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