Printable Format58-2323. Assignment carries debt secured. The assignment of any mortgage as herein provided shall carry with it the debt thereby secured.
History: L. 1899, ch. 168, § 5; March 15; R.S. 1923, 67-323.
Source or prior law:
L. 1897, ch. 160, § 7.
Attorney General's Opinions:
Mortgage registration fee; exemptions; refinancing mortgage assigned to parent corporation. 93-156.
Nonexempt lender who records mortgage assigned by exempt lender is not required to pay mortgage registration fee. 2009-6.
CASE ANNOTATIONS
1. Whether mortgagee was required to take legal action to secure rents from mortgaged property before filing bankruptcy examined. In re Kansas Office Associates, Ltd., 173 B.R. 745, 750 (1994).
2. Cited; assignment of any mortgage carries with it the debt thereby secured. Landmark National Bank v. Kesler, 40 K.A.2d 325, 327, 192 P.3d 177 (2008).
3. By statute, assignment of the mortgage carries with it the assignment of the debt. Landmark Nat'l Bank v. Kesler, 289 K. 528, 216 P.3d 158 (2009).