29 Dec '11, 10am

Electronic services for conveyance lawyers from January

Lawyers here will be able to electronically notify banks of the details of conveyancing money paid into conveyancing accounts, instead of using hard copy forms from Jan 1, 2012. -- ST GRAPHICS By Jalelah Abu Baker Lawyers here will be able to electronically notify banks of the details of conveyancing money paid into conveyancing accounts, instead of using hard copy forms from Jan 1, 2012. The Ministry of Law said in a media statement on Thursday that this service will be available through the Singapore Land Authority's Electronic Payment Instruction (ePI). The Inland Revenue Authority of Singapore will also accept electronic stamp duty payments via the ePI service, which will reduce processing time and further streamline conveyancing transactions. The service is meant to facilitate the adoption of new rules put in place in August this year to better protect clients' convey...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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