§ 57-3-202. Recording master mortgage and trust deed -- Requirements for master form -- Indexing by county recorder.  


Latest version.
  • (1)
    (a) A person may record a master form in the office of the county recorder.
    (b) A person who files a master form shall state in the caption required under Section 57-3-106 that the instrument is a master form.
    (2) A master form is not required to:
    (a) contain identification or description of any specific real property; or
    (b) name a specific:
    (i) mortgagor;
    (ii) trustor; or
    (iii) trustee.
    (3) A master form shall:
    (a) name a specific mortgagee or beneficiary;
    (b) contain an acknowledgment, proof, or certification; and
    (c) identify the person causing the recording of the master form.
    (4) A county recorder shall:
    (a) index a master form in the same manner as the county recorder indexes mortgages and trust deeds in accordance with Section 17-21-6; and
    (b) indicate on all indices and records of the county referencing the master form that the instrument is a master form.
    (5)
    (a) If a county recorder receives a document for recording that contains both a master form and a mortgage or trust deed, the county recorder:
    (i) is not required to:
    (A) separate the master form from the mortgage or trust deed; or
    (B) record the master form and the mortgage or trust deed as separate instruments; but
    (ii) may separate the master form from the mortgage or trust deed and record only the master form if the unrecorded portion is clearly designated or marked as a section not recorded.
    (b) A master form recorded under Subsection (5)(a), is considered as a master form under this part for purposes of the incorporation by reference of a previously recorded master form.
Enacted by Chapter 61, 1998 General Session