The original mortgagor and mortgagee can transfer their interests to assignees whose right and obligations will depend primarily on which of the following?
A) Agreement of the parties to the assignment
B) Legal rules protecting the interest of one who is party to the mortgage but not to the transfer
C) Both of these.
D) None of these.

Question

Quizplus · Accepted Answer

The transfer of interests in a mortgage requires an agreement between the parties to the assignment, as well as adherence to legal rules protecting the interest of parties not directly involved in the transfer. Therefore, both A and B are correct.

The Original Mortgagor and Mortgagee Can Transfer Their Interests to Assignees