Pennsylvania Act 1889-184 — MORTGAGES, RECORDS OF PAYMENTS MADE

Act text

MORTGAGES, RECORDS OF PAYMENTS MADE
                  Act of May 9, 1889, P.L. 166, No. 184               Cl. 68
                                  AN ACT

     Requiring the holders of mortgages, on being tendered the legal
        fees therefor, to credit, at least once in every three years,
        on the record thereof, the amounts of the interest and
        principal paid thereon, and providing a penalty for failure
        to do so.

        Section 1.  Credits entered on margin of record every three
     years
        From and after the passage of this act it shall be the duty
     of the holder or the holders of mortgages, recorded in the
     proper office, at least once every three years, to cause to be
     entered on the margin of the record thereof all payments of
     either principal, debt or interest, or both, theretofore made
     by, or in behalf of the mortgagor, on being tendered or paid the
     legal fee for such entry or entries by the mortgagor or any one
     interested in the property covered by the mortgage, either as
     owner or as a lien creditor.  1889, May 9, P.L. 166, Sec. 1.
        Section 2.  Penalty for neglect to enter credits
        If the holder or holders of any such mortgage shall neglect
     or refuse, after written request and tender of the legal fees
     therefor, for a period of three months, to cause to be entered
     on the record of any such mortgage any and all such payments of
     principal or interest, or both, such holder shall be liable to
     pay to any party interested therein, who shall have made such
     tender and request, the sum of one hundred dollars for each
     failure to comply with the provisions of this act; said sum to
     be recovered in any court of record where a proper service may
     be had, in an action of debt.  1889, May 9, P.L. 166, Sec. 2.