Exam term

Assignment of mortgage

A transfer of the lender's interest in a mortgage. It is different from a discharge, which records a paid mortgage's release.

Lessons that use this term

Lien and title theory, promissory notes, and mortgages Florida
Mortgage clauses: acceleration, due-on-sale, prepayment, defeasance, and subordination Florida
The mortgage and note, the mortgagor's duties, selling mortgaged property, and recording New York