Licensed Service Providers, or LSPs, are included in the National Business Model for electronic conveyancing to ensure that users in all industry sectors can receive the service and attention they need to get their conveyancing work done conveniently and efficiently.
Just as law agents, settlement agents, information brokers and client service providers meet the various needs of conveyancing practitioners and the general public in property transactions today, LSPs will provide similar services in an electronic conveyancing environment. They will be private sector businesses providing services to private sector clients under conditions in some instances set out in a license agreement with Lands.
What will LSPs do?
LSPs are likely to offer a range of services to conveyancing firms and practitioners, such as solicitors, conveyancers, mortgage processors, law firms and financial institutions. Among their services are likely to be:
- connection to electronic conveyancing by browser or web services
- specialised browser interfaces suited to particular client groups
- integration of electronic conveyancing with other business services (eg title searches and electronic stamping)
- accreditation training for new users and refresher training for all users, particularly infrequent users
- distribution to users of alert and general information bulletins
- technical and applications support to users for problem resolution
LSPs will enter into commercial arrangements with their clients for these services.
Source Electronic Conveyancing NSW Newsletter Nov 05
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