Kentucky Statutes 382.430 – Instrument constituting lien to give mailing address of lienholder
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(1) No mortgage, conveyance, or other instrument or writing constituting a lien or other security for any note or other evidence of indebtedness shall be received for record by any county clerk unless such mortgage, conveyance, or other writing gives a mailing address of the lienholder.
(2) Should there be an assignment of such mortgage, conveyance, or other instrument or writing constituting a lien or other security for any note or other evidence of indebtedness, of record in the clerk’s office, the assignment shall state the address of the assignee.
(3) For the purposes of this chapter, a mortgage that has been recorded with any county clerk shall not be deemed invalid or ineffective as constructive notice for failure to include the county of residence or the principal place of business of the mortgagee or holder of the note or other evidence of indebtedness.
Effective: July 12, 2012
History: Amended 2012 Ky. Acts ch. 132, sec. 100, effective July 12, 2012. — Amended 2010 Ky. Acts ch. 155, sec. 3, effective July 15, 2010. — Recodified 1942
Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4051a.
(2) Should there be an assignment of such mortgage, conveyance, or other instrument or writing constituting a lien or other security for any note or other evidence of indebtedness, of record in the clerk’s office, the assignment shall state the address of the assignee.
Terms Used In Kentucky Statutes 382.430
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(3) For the purposes of this chapter, a mortgage that has been recorded with any county clerk shall not be deemed invalid or ineffective as constructive notice for failure to include the county of residence or the principal place of business of the mortgagee or holder of the note or other evidence of indebtedness.
Effective: July 12, 2012
History: Amended 2012 Ky. Acts ch. 132, sec. 100, effective July 12, 2012. — Amended 2010 Ky. Acts ch. 155, sec. 3, effective July 15, 2010. — Recodified 1942
Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4051a.