Pennsylvania Act 1937-91 — MORTGAGES, REGULATING ASSIGNMENTS

Act text

MORTGAGES, REGULATING ASSIGNMENTS
                  Act of Apr. 21, 1937, P.L. 327, No. 91              Cl. 68
                                  AN ACT

     Regulating the recording of assignments of mortgages in counties
        of the second class; fixing the fees therefor; and imposing
        certain powers and duties on the recorders of deeds of such
        counties.

        Section 1.  Be it enacted, &c., That hereafter no assignment
     of any mortgage shall be entered of record in any county of the
     second class, unless such assignment shall be in writing, and
     acknowledged by the assignor or assignors before an officer or
     person duly authorized to take such acknowledgments.
        Section 2.  Every such instrument in writing shall certify
     the precise residence of the assignee or assignees named
     therein.
        Section 3.  It shall be the duty of the recorder of deeds,
     when such instrument is filed for recording, to index and
     transcribe the same, and note the recording of such assignment
     on the margin of the record of the original mortgage.
        Section 4.  The fee for recording any such assignment shall
     be governed by the fee bill in effect in the county in which
     such assignment is recorded.
        Section 5.  All acts and parts of acts inconsistent herewith
     are hereby repealed.