§ 32-29-1-8 — Assignment of mortgage

Indiana § 32-29-1-8

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 29: MORTGAGES
• Ch. 1: Mortgage of Real Estate

Text

(a) Any mortgage of record or any part of the
mortgage may be assigned by the mortgagee or any assignee of the
mortgage, either by an assignment entered on the margin of the record,
signed by the person making the assignment and attested by the
recorder, or by a separate instrument executed and acknowledged
before any person authorized to take acknowledgments, and recorded
in the mortgage records of the county. The county recorder shall
cross-reference the assignment to the mortgage book and the:
(1) page location;
(2) instrument number; or
(3) both subdivisions (1) and (2);
as set forth in the assignment.
(b) The signature of a person on an assignment under subsection (a)
may be a facsimile. The facsimile on the assignment is equivalent to
and constitutes the written signature of the person for all requirements
regarding mortgage assignments.
(c) Notwithstanding subsection (a), marginal assignments may be
accepted at the discretion of the recorder. Except in a county that
accepts marginal assignments of mortgage, an assignment of mortgage
must be recorded on a separate written instrument from the mortgage.
If a recorder accepts marginal assignments of mortgage, an instrument
presented for recording in that county may not contain more than one
(1) assignment. If a recorder allows an instrument to contain more than
one (1) assignment, the fee for recording that instrument is provided in
IC 36-2-7-10(c)(4).
(d) After entry is made of record, the mortgagor and all other
persons are bound by the record, and the entry is a public record. Any
assignee may enter satisfaction or release of the mortgage, or the part
of the mortgage held by the assignee of record.
[Pre-2002 Recodification Citation: 32-8-11-7.]

Legislative History

As added by P.L.2-2002, SEC.14. Amended by P.L.127-2017, SEC.12.