Legal Question in Securities Law in California
mortgage loans
When a lender purchases a loan is he legally responsable to record the assignment of benefical interest and in what time frame?
Asked on 1/08/08, 6:26 pm
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Re: mortgage loans
Recording of the assignment is permissive, not mandatory (Civil Code section 2934 says "may record") and if recorded, the record is not, of itself, notice to the borrower (Civil Code section 2935).
Answered on 1/08/08, 8:15 pm
Related Questions & Answers
-
Chinese gold certificate can a certificate valuated by the federal reserve at a... Asked 10/18/07, 1:26 pm in United States California Securities Law
-
Issuing Stock My brother and I incorporated a new business 5 years ago by... Asked 9/08/07, 2:01 pm in United States California Securities Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
