New Mexico Statutes 47-1-43. [Verb “assign” sufficient to transfer interest.]
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In an assignment of a mortgage or deed of trust by way of mortgage of real estate the word “assign” shall be a sufficient word to transfer the mortgage or the beneficial interest under deed of trust, without the words, “transfer and set over.”
Terms Used In New Mexico Statutes 47-1-43
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.