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Requirements checklist

When applying for a CWB Trust Services Arm's Length Mortgage, the following documents must be submit altogether via email to: [email protected] by the lawyer for review prior to funding. 

1. Arm's Length Mortgage Investment Agreement  □
 2. Solicitors Certificate of Disclosure and Undertaking  □
 3. An appraisal of the property no more than 12 months old, issued by a licensed real estate appraiser holding a designation under AACI (Accredited Appraiser Canadian Institute) or CRA (Canadian Residential Appraiser), or a property tax assessment for the current year. Find an appraiser here.

The appraisal must be prepared for either the Borrower or CWB Trust Services.
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 4. Request for Funds Letter (i.e. details of the funding date and dollar amount to be advanced to the borrower, mortgage position, property address and any other deductions).  □
 5. Confirmation from your lawyer of the total mortgage charges including all prior encumbrances via statements or payout statements issues no later than 3 months from the funding date.
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 6. If the borrower is a corporation, a corporate search showing the directors/officers of the corporate or a corporate or a corporate incumbency certificate.  □
 7. A draft copy of the mortgage (or transfer or assignment) at time of funding.  □
 8. Arm's Length Mortgage Pre-Authorized Debit Agreement with a void cheque from the borrower attached.  □

 9. Signed Declaration of Trust* (signed by Planholder/Lender).

*Mortgages in British Columbia only.

RIF Declaration of Trust

RSP Declaration of Trust 

TFSA Declaration of Trust 

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 NOTE: DELIVERY OPTIONS OF FUNDS:
1. Cheque is being picked up by courier that has been arranged and paid for by the lawyer; or
2. Lawyer provides CWBTS with their courier account details at time of funding, and CWBTS will prepare the waybill for the courier pick up on behalf of the lawyer; or 
3. Cheque is being picked up by courier that has been arranged and paid for by the lawyer to be deposited into the lawyer’s trust account.  CWBTS requires a copy of a void cheque for the Lawyer’s Trust Account; or
4. If lawyer has account with CWBTS; then CWBTS requires all the account details at time of funding and CWBTS will arrange to have the cheque deposited.