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Posted on Jun 22, 2024

Where a borrower gives the lender a signed mortgage with a certificate of title as security, and the lender keeps both documents in safe custody,

Where a borrower gives the lender a signed mortgage with a certificate of title as security, and the lender keeps both documents in safe custody, but takes no other step

a.

this consitutes a registered mortgage and the lender has a legal interest

b.

this constitutes a registered mortgage and the lender has an equitable interest

c.

this constitutes an unregistered mortgage and the lender has a legal interest

d.

this constitures an unregistered mortgage and the lender has an equitable interest

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