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Set of Standard charge Terms shall be deemed to be included in every charge in which the set is referred to by its fifing number, as provided in section 9 of the Act. Exclusion of Statutory Covenants 1. The implied covenants deemed to be included in a charge under subsection 7(1) of the Land Registration Reform Act as amended or re-enacted are excluded from the Charge. Right to Charge the Land 2. The Chargor now has good right, full power and lawful and absolute authority to charge the lan.

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(v) “Standard Charge Mortgage Terms” means the set of standard mortgage terms, standard charge terms or optional covenants incorporated into the Registered Mortgage by reference to their filing number or the set of additional mortgage terms appended to the Registered Mortgage.

What is a Standard Charge? A standard charge is registered on title in a document that includes the important terms of your mortgage loan, such as the principal amount, interest rate, term, payment amount, etc. A standard charge is registered for the actual amount of the mortgage, securing only the one mortgage loan.

A standard charge is registered for the actual amount of the mortgage loan, securing only the one mortgage loan. For example, if you need a mortgage loan for $300,000 to buy a home and the loan is secured by a standard charge, the lender registers a standard charge for $300,000.

When a loan or mortgage is electronically registered against a property by a lender, it is known as a Charge (a Charge is sometimes synonymous with mortgage). The lender is the Chargee and the borrower is the Chargor. The Chargee will provide the Chargor what is commonly known as a set of Standard Charge Terms (“SCT”).

Mortgage charges are financial obligations that a property carries and that are passed on to whoever buys it.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232