Australian Mortgage Document

Detects populated Australian mortgage documents (mortgage deeds, home loan contracts, registered mortgages, discharges): the mortgage phrase combined with named mortgagor/mortgagee fields, a security property or title reference, or a secured loan amount. Phrase-only mentions stay discovery-only.

Type

keyword_proximity

Confidence

medium

Confidence justification

Enforce tiers require populated party, property or amount fields beside the mortgage phrase; rate comparison pages, seminars and consumer fact sheets carry the same vocabulary without values and stay at 65. Medium because broker correspondence can carry the same fields.

Jurisdictions

au

Regulations

National Consumer Credit Protection Act 2009 (Cth), Land Title Act 1994 (Qld), Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), Information Privacy Act 2009 (Qld), NDB Scheme (Cth), Privacy Act 1988 (Cth)

Frameworks

ISO 27001, ISO 27701, PCI-DSS, SOC 2

Data categories

financial, legal, pii

Scope

narrow

Risk rating

8

Corroborative evidence keywords

loan to value, LVR, LMI, lenders mortgage insurance, offset account, redraw, fixed rate period, variable rate, break costs, power of sale

Proximity: 300 characters

Should match

• RESIDENTIAL MORTGAGE Mortgagor: Avery Teston and Jordan Teston Mortgagee: Southern Cross Mutual Bank Ltd Security property: 14 Wattlebird Street, Stafford QLD 4053 Title reference: 50412398 Loan amount: $640,000.00 LVR 80%. Lenders mortgage insurance not required; the offset account is linked to the loan. — Populated mortgage - parties, property, title and amount with LVR/LMI terms (85)
• Mortgage deed Borrower: Casey Rourke Property address: 7/22 Ocean Parade, Burleigh Heads QLD 4220 Power of sale applies on an event of default. — Mortgage deed with borrower and property plus default terms (85)
• Discharge of mortgage Mortgagee: Southern Cross Mutual Bank Ltd Please lodge the discharge at the titles office. — Discharge with one populated party field (75)

Should not match

• Fact sheet: a registered mortgage gives the lender security over your property. Check the loan to value ratio, whether LMI applies and how the offset account works before signing the mortgage document. — Consumer fact sheet naming mortgage terms without values
• RESIDENTIAL MORTGAGE Mortgagor: __________ Mortgagee: __________ Security property: __________ Loan amount: $__________ — Blank mortgage form - placeholder values
• Residential mortgage arrears rose to 1.4% in the June quarter, with lenders reporting 12,000 more borrowers behind on repayments on loans above $600,000. — News article with aggregate figures
• Mortgage rates comparison website — Comparison site wording
• He mortgaged his future for the project — Figurative use
• Residential mortgage seminar agenda — Seminar wording - discovery only at most

Known false positives

• Rate comparison sites, broker marketing and consumer fact sheets using mortgage terminology. Mitigation: No populated party, property or amount field, and marketing/guidance framing is excluded, so they stay at 65.
• Property listings quoting an address near the word mortgage. Mitigation: An address alone reaches 75 only when labelled as a security/mortgaged property or title reference beside a mortgage instrument phrase.

References

• Land Title Act 1994 (Qld)
• National Consumer Credit Protection Act 2009 (Cth)