Have your say on DRAs
In Ontario, FOLA and the Working Group are seeking input from the community before Monday (November 9). The topics is the following:
Document Registration Agreement
There seems to be general agreement that the current DRA, and the associated 3-party DRA, are in need of review and updating to remove some inconsistencies and reflect current practices including the exchange of closing documents at or shortly after closing. Ray Leclair (Lawyers Working Group and LawPro) has been working with FOLA on drafting proposed revisions. The goal is to see revised DRA’s which could be recommended to the bar for regular use.
We are asking that everyone interested in providing input, please email ehorner@hp-lawyers.com on or before November 9 saying one of the following:
I would like to assist with the DRA
I am not able to assist at the present time
I have the following specific issue or comment