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Bulletin information:

Issue Date: February 22, 1977
Legislation: The Land Titles Act and The Registry Act

Bulletin content:

A mortgage or charge is occasionally given as collateral security to a promissory note. Some parties have adopted the practice of attaching the promissory note to the related land mortgage or charge, since the terms of repayment are set out in the promissory note.

A mortgage or charge given as collateral security to a promissory note should be accepted for registration with the promissory note attached thereto, provided that the promissory note is firmly attached and is on legal size paper or attached to legal size paper.

Original signed by:

M.D. Godfrey, Senior Solicitor