Quantcast
Home / Opinion Digests / Bankruptcy / Banks & Banking – Negotiable Instruments – Promissory Note & Mortgage – First Impression – Former Version of UCC – Early Payment Option — Holder — Pooling & Servicing Agreement (access required)

Banks & Banking – Negotiable Instruments – Promissory Note & Mortgage – First Impression – Former Version of UCC – Early Payment Option — Holder — Pooling & Servicing Agreement (access required)

Kain v. Bank of New York Mellon Even though the debtors’ adjustable rate mortgage requires one to look outside the four corners of the note and mortgage to determine the amount to be paid, the note is nevertheless negotiable under the 2003 version of the Uniform Commercial Code. The claimant’s motion for summary judgment is granted.

Leave a Reply

Your email address will not be published. Required fields are marked *

*