2025 Session
Last amended: 1999 session
§ 508.56 — Assignment and Discharge of Mortgage
Plain-Language Summary
Assignments and discharges of mortgages on registered land must be filed with the registrar. The registrar notes the assignment or discharge on the certificate of title.
508.56 ASSIGNMENT AND DISCHARGE OF MORTGAGE.
When a mortgage is assigned, extended, or otherwise dealt with, a memorial of the instrument shall be made upon the certificate of title. In case only a part of the mortgage upon the land is intended to be released or discharged a memorial of such partial release shall be entered.
History:
(8302) RL s 3424; 1905 c 305 s 54; 1992 c 463 s 6; 1999 c 11 art 1 s 26
History: History: (8302) RL s 3424; 1905 c 305 s 54; 1992 c 463 s 6; 1999 c 11 art 1 s 26
Practical Notes
When a mortgage on Torrens property is paid off or transferred to another lender, the change must be filed with the registrar and noted on the certificate of title.