WHAT IS FORM 9D?
Form 9D is filled our by a lender setting out information regarding a potential private mortgage investment and acts as instructions that must be followed by the lawyer representing the lender in a private lending transaction. The purpose of Form 9D is to ensure there is no misunderstanding between the lender and the lawyer representing the lender. Form 9D is required by Bylaw 9 of the Law Society of Ontario for all private mortgage transactions over $6,000.00 to protect both lawyers and lenders from allegations of miscommunication. In the event of any discrepancy between what the lender and mortgagor assert are the terms of the loan agreement, Form 9D will act as evidence of the correct details of the mortgage. For more information on Form, 9D visit the Law Society of Ontario’s website.
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Disclaimer: The information contained in this article is not to be construed as legal advice. The content is drafted and published only for the purpose of providing the public with general information regarding various real estate and business law topics. For legal advice, please contact us.
About the Author:
Shahriar Jahanshahi is the founder and principal lawyer at Jahanshahi Law Firm with a practice focus on representing business star-ups and investors in the province of Ontario. For further information about Shahriar Jahanshahi, click here.