Disposition of mortgages by agent.

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(1) The authorized agent upon receipt of the mortgage shall file the same in his office separately and apart from records affecting real property and personal property, other than manufactured homes, which he may by law be required to keep. Such mortgage shall be appropriately indexed and cross-indexed:

(a) Under one or more of the following headings in accordance with such rules and regulations relating thereto as may be adopted by the director:

  1. Manufacturer, manufacturer's number, or serial number of manufactured homes mortgaged;

  2. The numbers of the certificates of title for manufactured homes mortgaged;

  1. Under the name of the mortgagee, the holder of such mortgage, or the owner of suchmortgaged home; or

  2. Under such other system as the director may devise and determine to be necessaryfor the efficient administration of this article.

(2) All records of mortgages affecting manufactured homes shall be public and may be inspected and copies thereof made, as is provided by law respecting public records affecting real property.

Source: L. 83: Entire article added, p. 1457, § 1, effective June 15.


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