701.02 – Assignment Not Effectual Against Creditors Unless Recorded and Indicated in Title of Document; Applicability.
701.02 Assignment not effectual against creditors unless recorded and indicated in title of document; applicability.— (1) An assignment of a mortgage upon real property or of any interest therein, is not good or effectual in law or equity, against creditors or subsequent purchasers, for a valuable consideration, and without notice, unless the assignment is contained in a […]
701.03 – Cancellation.
701.03 Cancellation.— (1) Whenever the amount of money due under a promissory note secured by a mortgage is fully paid, the mortgagee or assignee shall within 45 days after satisfaction of the mortgage thereafter cancel the mortgage in the manner provided by law, unless the mortgage is an open-end mortgage. (2) A mortgage that is an open-end mortgage […]
701.04 – Cancellation of Mortgages, Liens, and Judgments.
701.04 Cancellation of mortgages, liens, and judgments.— (1) Within 14 days after receipt of the written request of a mortgagor, a record title owner of the property, a fiduciary or trustee lawfully acting on behalf of a record title owner, or any other person lawfully authorized to act on behalf of a mortgagor or record title owner […]
701.041 – Title Insurer; Mortgage Release Certificate.
701.041 Title insurer; mortgage release certificate.— (1) DEFINITIONS.—For purposes of this section: (a) “Estoppel letter” means a statement of the amount of: 1. The unpaid balance of a loan secured by a mortgage, including principal, interest, and any other charges properly due under or secured by the mortgage. 2. Interest on a per-day basis for the unpaid balance. (b) “Mortgagee” means: […]
701.06 – Certain Cancellations and Satisfactions of Mortgages Validated.
701.06 Certain cancellations and satisfactions of mortgages validated.—All cancellations or satisfactions of mortgages made prior to the enactment of chapter 4138, Acts of 1893, by the mortgagee or assignee of record of such mortgage entering same on the margin of the record of such mortgage in the presence of the custodian of such record and attested […]
701.01 – Assignment.
701.01 Assignment.—Any mortgagee may assign and transfer any mortgage made to her or him, and the person to whom any mortgage may be assigned or transferred may also assign and transfer it, and that person or her or his assigns or subsequent assignees may lawfully have, take and pursue the same means and remedies which the […]