A transfer of an obligation secured by a mortgage includes the transfer of the mortgage. In such a case, the transferor warrants the existence, validity and enforceability of the mortgage only to the extent that he warrants the existence, validity, or enforceability of the obligation.
Article 3312 active cc book
Transfer of the secured obligation ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1992, No. 1132, §2, eff. Jan. 1, 1993. {{NOTE: FORMER ART. 3312 REPEALED BY ACTS 1992, NO. 1132, §1, EFF. JAN. 1, 1993.}}