Legislation
SECTION 339-R
Blanket mortgages and other blanket liens affecting a unit at time of first conveyance
Real Property (RPP) CHAPTER 50, ARTICLE 9-B
§ 339-r. Blanket mortgages and other blanket liens affecting a unit at
time of first conveyance. At the time of the first conveyance of each
unit, every mortgage and other lien affecting such unit and any other
unit shall be paid and satisfied of record, or the unit being conveyed
and its common interest shall be released therefrom by partial release
duly recorded.
time of first conveyance. At the time of the first conveyance of each
unit, every mortgage and other lien affecting such unit and any other
unit shall be paid and satisfied of record, or the unit being conveyed
and its common interest shall be released therefrom by partial release
duly recorded.