MORTGAGES

 

Cross References

 

  Registered land, see §506-6.

 

     §501-116  Mortgage registration necessary.  The owner of any interest in registered land may mortgage such interest by executing a mortgage thereof.  Such a mortgage may be assigned, extended, discharged, released in whole or in part, or otherwise dealt with by the mortgagee by any form of instrument sufficient in law for the purpose.  The mortgage, and all instruments assigning, extending, discharging, and otherwise dealing with the mortgage, shall be registered and shall take effect upon the title of the mortgaged property only from the time of registration. [L 1903, c 56, §60; RL 1925, §3249; RL 1935, §5059; RL 1945, §12659; RL 1955, §342-60; am L 1963, c 83, §9; am L 1966, c 18, §8; HRS §501-116; am L 1970, c 15, §1] 

 

Case Notes

 

  Validity of mortgage, jurisdiction of land court to determine upon petition to cancel memorandum of the mortgage under §501-196.  32 H. 680.