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Title conversions: How lenders can make their securities much stronger

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GLA titles offer security during the transitional phase. [iStockphoto]

Consider a situation where a lender is processing a financial facility secured by two properties within the Government Lands Act (GLA) land regime.

On one hand, they receive a converted GLA title, while on the other hand, they encounter a Form LRA 33 transfer instrument as the title document.

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