On 12 May, the Victorian Government’s Electronic Conveyancing system (EC) became the first system in the world to process an electronic settlement, transfer, mortgage and lodgement of title. The transfer was successfully completed on behalf of their clients by two Melbourne conveyancing firms, GLN Conveyancing Services Pty Ltd and Rainbow Conveyancing Pty Ltd, in conjunction with Bendigo and Adelaide Bank, who completed the mortgage. “We knew it would not happen overnight, but it has happened and is the first of many more to come,” said Gayle Nancarrow of GLN Conveyancing and the Vice-President of the Victorian Division of the Australian Institute of Conveyancers (AIC).
EC News | May 16, 2008
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