UCC Article 3 governs most mortgages, although a few states have not adopted that article and rely on common law.

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UCC Article 3 governs negotiable instruments such as promissory notes, while mortgages are typically governed by real property law, which is based on common law principles. Some states may have adopted the Uniform Real Property Acts, which may include provisions related to mortgages, but this varies by state.

UCC Article 3 Governs Most Mortgages, Although a Few States