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4/1/2015 ID: COL116 ASSIGNMENT OF MORTGAGE COLLATERAL (PUERTO RICO) For VALUE RECEIVED, (Member), hereby assigns, transfers and pledges to the Federal Home Loan Bank of New York (Bank) and grants

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What is assignment of mortgage collateral?

Assignment of mortgage collateral is the legal transfer of the rights to a mortgage and the collateral securing it from one party to another.

Who is required to file assignment of mortgage collateral?

The party who is transferring the rights to a mortgage and the collateral securing it is required to file the assignment of mortgage collateral.

How to fill out assignment of mortgage collateral?

To fill out an assignment of mortgage collateral, you need to include information such as the names and addresses of the parties involved, a description of the mortgage and collateral, and the date of the assignment.

What is the purpose of assignment of mortgage collateral?

The purpose of assignment of mortgage collateral is to legally transfer the rights to a mortgage and the collateral securing it from one party to another.

What information must be reported on assignment of mortgage collateral?

The assignment of mortgage collateral must include information such as the names and addresses of the parties involved, a description of the mortgage and collateral, and the date of the assignment.

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