Escrow Account by Notary

In certain situations, you may need to disburse the loan before the mortgage is registered. Since this is a requirement for payout by the bank, it can be challenging. The solution is an escrow account by the notary. This is an account in the name of the notary. The notary then manages the funds (the loan) in trust and ensures the proper use of the money (trustee mandate).

An escrow account by the notary involves costs. Please inquire with your notary about the amount.