MERS (1-16)
Someone caught an error in Standard 1-16
MERS as stated on the mortgage instruments is 'Mortgage Electronic Registration Systems Inc' not '.....Recordation Systems Inc'.
Yes. Somehow the correct word, Registration, got changed to Recordation which is incorrect. The reason MERS is even addressed is that some registries had been using “Inc” at the end of the name while some had been omitting it. Everyone had always agreed that the name must be spelled out and that the abbreviation MERS should not appear in the index. So, the correct way to index MERS is MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC.
MERS as stated on the mortgage instruments is 'Mortgage Electronic Registration Systems Inc' not '.....Recordation Systems Inc'.
Yes. Somehow the correct word, Registration, got changed to Recordation which is incorrect. The reason MERS is even addressed is that some registries had been using “Inc” at the end of the name while some had been omitting it. Everyone had always agreed that the name must be spelled out and that the abbreviation MERS should not appear in the index. So, the correct way to index MERS is MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC.
posted by Dick at 10:08 AM
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