PROPERTY HIJACK FRAUD: NEW DUTY FOR CONVEYANCERS?

On 3rd August, TLT Solicitors published a briefing saying that the Law Commission has recommended introducing a new statutory duty on solicitors in property transactions and if the proposals are implemented, solicitors will owe a duty to HM Land Registry in respect of identity checks.  It says that the problem involves property title fraud, which occurs when a property is transferred to another party without the true owner’s knowledge.  Typically, this is a result of an imposter pretending to own the property and deceiving the other parties involved in the transaction.

https://www.tltsolicitors.com/insights-and-events/insight/property-hijack-fraud-new-duty-for-conveyancers/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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