| << Previous Section (57-3-201) | Next Section (57-3-203) >> |
Real Estate | |
Recording of Documents | |
Section 202 | Recording master mortgage and trust deed -- Requirements for master form -- Indexing by county recorder. |
|
57-3-202. Recording master mortgage and trust deed -- Requirements for master
form -- Indexing by county recorder. (1) (a) A person may record a master form in the office of the county recorder. (b) A person who files a master form shall state in the caption required under Section 57-3-106 that the instrument is a master form. (2) A master form is not required to: (a) contain identification or description of any specific real property; or (b) name a specific: (i) mortgagor; (ii) trustor; or (iii) trustee. (3) A master form shall: (a) name a specific mortgagee or beneficiary; (b) contain an acknowledgment, proof, or certification; and (c) identify the person causing the recording of the master form. (4) A county recorder shall: (a) index a master form in the same manner as the county recorder indexes mortgages and trust deeds in accordance with Section 17-21-6; and (b) indicate on all indices and records of the county referencing the master form that the instrument is a master form. (5) (a) If a county recorder receives a document for recording that contains both a master form and a mortgage or trust deed, the county recorder: (i) is not required to: (A) separate the master form from the mortgage or trust deed; or (B) record the master form and the mortgage or trust deed as separate instruments; but (ii) may separate the master form from the mortgage or trust deed and record only the master form if the unrecorded portion is clearly designated or marked as a section not recorded. (b) A master form recorded under Subsection (5)(a), is considered as a master form under this part for purposes of the incorporation by reference of a previously recorded master form.
Enacted by Chapter 61, 1998 General Session |
| << Previous Section (57-3-201) | Next Section (57-3-203) >> |