Under Ontario's Land Titles system, when is a mortgage officially registered?
Correct Answer
B) When the charge is registered on title
Under Ontario's Land Titles system, a mortgage becomes officially registered when the charge is registered on the property title. This registration provides legal priority and protection for the lender's interest in the property.
Why This Is the Correct Answer
Option B is correct because under Ontario's Land Titles Act, a mortgage becomes legally registered and enforceable only when the charge is formally registered on the property title at the Land Registry Office. Registration provides the mortgage holder with legal priority and protection against subsequent encumbrances. The Land Titles system operates on the principle that registration, not contract execution or funding, determines legal effectiveness and priority. This registration creates an official public record and establishes the lender's secured interest in the property according to provincial land registration legislation.
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