Massachusetts General Laws ch. 244 sec. 36 – Excess received by mortgagee; recovery
Current as of: 2023 | Check for updates
|
Other versions
Section 36. If a mortgagee or person claiming or holding under him receives from rents and profits of the land, or upon a tender made to him, or in any other manner, more than is due on the mortgage, and no suit for redemption is brought against him, the mortgagor or other person entitled to such excess may recover it in a civil action.
Terms Used In Massachusetts General Laws ch. 244 sec. 36
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.