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508.55 Registration of mortgage; memorial entered on certificate.

The registration of a mortgage made by the registered owner or the registered owner's attorney-in-fact shall be made in the following manner: The owner's duplicate certificate shall be presented to the registrar, together with the mortgage deed, or other instrument to be registered, and the registrar shall enter upon the original certificate of title and also upon the owner's duplicate certificate a memorial of the purport of the instrument registered, the exact time of filing, and its file number. The registrar shall also note upon the registered instrument the time of filing and a reference to the volume and page where it is registered. The registration of a mortgage made by a party having an interest registered on the certificate of title, other than the registered owner or the registered owner's attorney-in-fact, must be made in the same manner, except that the owner's duplicate certificate need not be presented to the registrar.

HIST: (8301) RL s 3423; 1905 c 305 s 53; 1983 c 92 s 16; 1986 c 444; 1992 c 463 s 5; 1994 c 388 art 3 s 20

Official Publication of the State of Minnesota
Revisor of Statutes