Notice of Assignment of Mortgage (Canada)
Notice by original mortgage lender to mortgage borrower (mortgagor) notifying the mortgagor of the assignment of the mortgage to a new mortgagee and directing future mortgage payments to be made to the new mortgagee.
Instant Download
C$11.95
File types included
- Microsoft Word
- Adobe PDF
- Rich Text Format
Compatible with
- Windows
- Mac OS X
- Linux
For Immediate Download
C$11.95
Attorney prepared
Our forms are drafted by lawyers, not AI.
Valid in your state
Our forms are guaranteed to be valid in your state
Over 3,500,000 satisfied customers
Free eSignature
Sign your form online, free with any form purchase
60-Days Money Back
Try our forms with no risk
25+ Years Trusted
Serving customers since 2001
This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.
Notice of Assignment of Mortgage (Canada)
Product Details
| Product | Notice of Assignment of Mortgage (Canada) |
| Country | Canada |
| Pages | 3 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Mortgage Agreements, Assignments & Notices |
| Product number | #28709 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
A Notice of Assignment of Mortgage is a legal document that informs a borrower that their mortgage has been transferred from one lender to another. It outlines the new lender's information and directs the borrower to make future payments to this new mortgagee.
Receiving this notice is important as it ensures that you are aware of who currently holds your mortgage. It prevents any confusion regarding payment responsibilities and helps maintain clear communication with your lender.
If you do not receive a Notice of Assignment of Mortgage after your lender has sold your mortgage, you should contact your original lender to inquire about the status. It is crucial to ensure that you are making payments to the correct entity.
Yes, if you believe that the assignment of your mortgage was done improperly or without your consent, you may have grounds to dispute it. It is advisable to consult with a legal professional to understand your options.
Continuing to make payments to your old lender after an assignment can lead to missed payments and potential penalties. It is essential to redirect your payments to the new mortgagee as specified in the notice.
Typically, lenders are required to send the Notice of Assignment of Mortgage promptly after the assignment occurs. However, specific timelines can vary by jurisdiction, so it's best to check local regulations.
The notice should include the names of the original lender and the new mortgagee, the property address, and instructions on where to send future payments. It may also contain contact information for the new lender.
The assignment of a mortgage does not typically change the terms of your mortgage agreement. However, it is important to review the notice and any accompanying documentation to ensure there are no changes to your obligations.
Is This Form Right For You?
Use This Form If:
- Individuals who have recently sold their property may receive this notice from their original lender, informing them that their mortgage has been assigned to a new lender. This is crucial for ensuring that they direct their future payments correctly to avoid any potential penalties or misunderstandings.
- In situations where a mortgage lender sells their loan portfolio to another financial institution, the borrowers must be notified of this change. This notice serves to maintain transparency and ensure that borrowers are aware of whom to contact for any mortgage-related inquiries or payment issues.
- To comply with legal requirements, lenders must provide a formal notice of assignment to the mortgagor. This ensures that the borrower is legally informed about the change in the mortgagee, which is essential for maintaining the integrity of the mortgage agreement.
- For those refinancing their mortgage, this notice may be issued to inform them that their new lender has taken over the existing mortgage. It is important for borrowers to understand the implications of this assignment on their repayment terms and obligations.
- In cases where a borrower is facing financial difficulties and their mortgage is sold to a different lender, this notice is vital. It helps the borrower understand their new payment obligations and whom to contact for assistance or modifications.
Do Not Use If:
- – This form is not appropriate if the mortgage has not been officially assigned to a new lender. In such cases, the original lender should continue to manage the mortgage and communicate directly with the borrower.
- – If the borrower is in the process of foreclosure, a Notice of Assignment of Mortgage may not be relevant. Instead, the borrower should focus on legal notices related to foreclosure proceedings and their rights during that process.
- – In situations where the mortgage is being refinanced with the same lender, this notice is unnecessary. The borrower will continue to deal with the same lender, and no assignment has occurred.
- – This form should not be used if the borrower has already been notified of the assignment through other means. Duplicate notices can cause confusion and may lead to unnecessary complications.
- – If the assignment involves a commercial mortgage rather than a residential one, this form may not be suitable. Different legal requirements and forms may apply to commercial transactions.
Related Forms
Notice of Assignment of Mortgage by Assignee (Canada)
Notice by an assigned a mortgage to the mortgage borrower (mortgagor) notifying the mortgagor of the...
Notice of Attornment (Canada)
Notice by a mortgage lender (mortgagee) to a tenant on the mortgaged property notifying the tenant t...
Notice of Assignment of Debt to Debtor (Canada)
Notice sent to a debtor informing them that their debt has been assigned to another party.
Basic Residential Lease Combo Package (England and Wales)
This Basic Residential Lease Combo Package is designed for England and Wales. This combo package is...
Agency Agreement for Sale of Property - Fixed Commission (Canada)
Agency Agreement for sale of property with fixed commission.
Assignment of Purchase and Sale Agreement (Canada)
Assignment of Agreement of Purchase and Sale by a purchaser of a home.
Looking for something else?
Search our extensive library of legal forms