Seattle National Bank v. Ally

Citations

• 66 Wash. 610
• 120 P. 94
• 1912 Wash. LEXIS 816

Syllabus

<p>Statutes — Title and Subjects — Recording Acts — Mortgages— Assignments. The title of an act to amend a section “concerning the recording of deeds and mortgages,” is broad enough to include a provision relating to the recording of assignments of mortgages.</p> <p>Records — Of Mortgages — Satisfaction—Assignment—Failure to Record — Bona Fide Incumbrancers. Rem. & Bal. Code, § 8800, providing for the assignment of mortgages and that, after an assignment has been recorded, the assignee may satisfy it of record, authorizes the record of assignments of mortgages, and thereunder and under Rem. & Bal. Code, § 8781, providing that all deeds, mortgages, and assignments of mortgages shall he recorded and shall thereafter he valid as against tona fide purchasers, subsequent tona fide incumbrancers may rely upon an unauthorized satisfaction by an original mortgagee whose assignee had failed to record his assignment.</p>