§ 38-29-129 — Disposition of mortgages by agent

(1) The authorized agent
upon receipt of the mortgage shall file the same in his office separately and apart
from records affecting real property and personal property, other than
manufactured homes, which he may by law be required to keep. Such mortgage
shall be appropriately indexed and cross-indexed:

(a) Under one or more of the following headings in accordance with such
rules and regulations relating thereto as may be adopted by the director:

(I) Manufacturer, manufacturer's number, or serial number of manufactured
homes mortgaged;

(II) The numbers of the certificates of title for manufactured homes
mortgaged;

(b) Under the name of the mortgagee, the holder of such mortgage, or the
owner of such mortgaged home; or

(c) Under such other system as the director may devise and determine to be
necessary for the efficient administration of this article.

(2) All records of mortgages affecting manufactured homes shall be public
and may be inspected and copies thereof made, as is provided by law respecting
public records affecting real property.

Legislative History

Source: L. 83: Entire article added, p. 1457, � 1, effective June 15.