Utah Code 57-1-15. Effect of recording assignment of mortgage
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Utah Code 57-1-15
- 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.
The recording of an assignment of a mortgage is not in itself considered notice of the assignment to the mortgagor, his heirs, or personal representatives so as to invalidate any payment made by them or either of them to the mortgagee.
Repealed and Re-enacted by Chapter 155, 1988 General Session