National Mortgage Form

National consultation has already begun on the new National Mortgage Form (NMF), which is will ultimately standardise and streamline the process of preparing real property mortgages across all States and Territories.

Since late 2012, a working group of representatives of land registries, financial institutions and Property Exchange Australia Pty Ltd (PEXA), chaired by the Australian Bankers’ Association, has been developing the form.

A standardised form will therefore have to meet the different land registry requirements for mortgage forms across jurisdictions and make the process for preparing a mortgage form consistent regardless of whether lodgment will be made in paper or electronically through PEXA.

National Mortgage Form Consultation

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