Even on the issue of ID, which I'm sure you've been following, lawyers feel somewhat vulnerable. Anybody can walk into a law firm, produce ID saying, for instance, “I'm Diane Lafleur,” and put a $150,000 mortgage on your house--not, of course, with your knowledge. Lawyers are having difficulty keeping track of that. In fact, there is some legislation before the Ontario legislature.
So I'm somewhat suspect of the ID part. And in terms of the $7,500 limit, well, here are three or four $7,500 cheques, with a $5,000 cheque from so-and-so. Then you close the transaction and, bingo, after the lawyer is finished, they pay down the mortgage by $50,000.
I don't see how this is going to help with those kinds of issues.