47-19-57. Authority of mortgagee designated as nominee or agent - Retroactive
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/nd/title-47/chapter-47-19-record-title/47-19-57·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
application.
1. An assignment, satisfaction, or release is entitled to be recorded in the office of the
county recorder and is sufficient to assign, satisfy, or release a mortgage if:
a. A mortgage is granted to a mortgagee as nominee or agent for a third party
identified in the mortgage, and the third party's successors and assigns;
b. A subsequent assignment, satisfaction, or release of the mortgage is executed by
the mortgagee or the third party, its successors or assigns; and
c. The assignment, satisfaction, or release is in recordable form.
2. The county recorder shall rely upon the recorded assignment, satisfaction, or release
in subsection 1 to assign, satisfy, or release the mortgage.
3. This section applies to any mortgage assignment, satisfaction, or release executed,
recorded, or filed before, on, or after August 1, 2009.