Minnesota Statutes 508A.55 – Registration of Mortgage; Memorial Entered On Cpt
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The registration of a mortgage made by the registered owner, the registered owner’s attorney-in-fact, or by a party who has an interest registered on the CPT other than the registered owner or the registered owner’s attorney-in-fact, shall be made in the following manner: The mortgage deed or other instrument to be registered shall be presented to the registrar and the registrar shall enter upon the CPT a memorial of the instrument registered, the exact time of filing, and its file number. The registrar shall also note upon the registered instrument the time of filing and a reference to the volume and page where it is registered.
Terms Used In Minnesota Statutes 508A.55
- Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
- 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.