First party (1st party) means the property owner and the borrower are the same parties while third party (3rd party) is a situation where not all property owner(s) take financing with LPPSA.

Yes, LPPSA provides standard cover letters that need to be adopted by the solicitor for both the above purposes and the templates can be downloaded from the Juris Credit system.

All financing documents are exempted from stamp duty. However, solicitors are required to obtain an endorsement on the waiver from the relevant stamping office.

The differential sum must be settled by the customer prior to the solicitor sending the advice to release the letter to LPPSA.

Juris Credit helpdesk at 03-27238666.

The execution of financing and security documents take within 7 working days from the date of complete document received.

The templates are available and can be downloaded from the Juris Credit system based on the Letter of Instruction issued to solicitors by LPPSA.

The Solicitor must wait for the return of the security document prior to attending to the necessary rectification both on the security document and Juris Credit System.

An email notification will be sent to the legal firm. It must be printed out and presented to LPPSA officer during the collection of the security document.

It is available on the LPPSA’s official website. Click >> Here

Solicitors may refer to LPPSA standard template, Advise to Release letter (ATOR) available in Juris Credit for the required documents.

Issuance of financing payment takes within 7 working days from the date of complete document received.

For cases where the property is encumbered, the legal fees will be credited into the solicitor’s account upon receipt of second advice to release. If the property is unencumbered, payment on legal fees will be made on first advice to release.

Yes.

Solicitor must reply to the query through Follow Up Reply and upload the requested documents in Juris Credit system.