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NY State — NY Real Property Law

§ 324 — SECTION 324 Effect of recording assignment of mortgage

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Statute text reproduced from nysenate.gov. Not attorney-reviewed for your situation — for reference only.

What is NY RPL § 324?

Quick Answer

This section addresses the implications of recording an assignment of a mortgage, stating that such recording does not serve as notice to the mortgagor or property owner if it occurs after the conveyance of the property. This can affect the validity of payments made to the mortgagee or prior assignee. Applies to property owners and mortgagors.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 324 SECTION 324 Effect of recording assignment of mortgage

RPL § 324

The recording of an assignment of a mortgage is not in itself a notice of such assignment to a mortgagor, his heirs or personal representatives, or to an owner of the mortgaged premises where such assignment is recorded subsequent to the recording of the conveyance of such premises to such owner, so as to invalidate a payment made by either of them to the mortgagee or to a prior assignee of the mortgage.

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