Rhode Island General Laws 34-11-25. Use of “assign” sufficient to transfer mortgage
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In any assignment of a mortgage of real estate the word “assign” shall be sufficient word to transfer the mortgage, without the words “transfer and set over”.
History of Section.
P.L. 1927, ch. 1056, § 16; G.L. 1938, ch. 436, § 15; G.L. 1956, § 34-11-25.
Terms Used In Rhode Island General Laws 34-11-25
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- real estate: may be construed to include lands, tenements, and hereditaments and rights thereto and interests therein. See Rhode Island General Laws 43-3-10