NY State — NY Real Property Law

§ 418 — SECTION 418 Assignment of mortgage, lease, or other lien or charge

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

What is NY RPL § 418?

Quick Answer

This section outlines the process for the assignment of a mortgage, lease, or other lien on registered property. It requires the holder to execute an assignment and file it with the registrar, who will then update the title book and note the relevant details. Applies to holders of mortgages and liens on registered properties.

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

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§ 418 SECTION 418 Assignment of mortgage, lease, or other lien or charge

RPL § 418

The holder of any mortgage, lease, or other lien or charge on registered property, in order to transfer the same or any part thereof, shall execute an assignment of the whole or any part thereof; and upon such assignment being filed in the office of the registrar, the registrar shall enter in the title book a memorial of such transfer with a reference to the assignment by its file number; he shall also note upon the instrument on file in his office intended to be transferred, and upon the registration copy thereof produced, the number of the certificate on which the memorial is entered, with the date of the entry.

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