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SourceLaw Dictionary Browse Letter M

Mortgage Note

Legal definition for Indian law research

Definition

mortgage note


a legal document obligating a borrower to repay a loan at a stated interest rate during a specified period; the agreement is secured by a mortgage that is recorded in the public records along with the deed.



Source: U.S. Department of Housing and Urban Development


Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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