North Dakota Code 35-03-04 – Prerequisites for recordation – Post-office address of mortgagee or assignee
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The recorder may not record a mortgage of real property unless the mortgage contains the post-office address of the mortgagee. An assignment of a mortgage on real property which does not contain the post-office address of the assignee may not be received for record.
Terms Used In North Dakota Code 35-03-04
- 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.
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.