J. A. Fay & Egan Co. v. Southern Novelty Works
J. A. Fay & Egan Co. v. Southern Novelty Works
Opinion of the Court
The duty imposed by the statute on the lienholder is to enter upon the margin of the record the fact of payment or satisfaction; and hence the failure to make the entry occurs at the place where the law requires the record to be kept, no matter where the lienholder may be. Drennen Motor Car Co. v. Evans, 192 Ala. 150, 68 South. 303. This statute is a part of our system of laws for the protection of lienholders by providing for- the registration of mortgages and liens, making such registration notice of the existence of the lien; and the lienholder cannot obtain the benefit of these laws without assuming the legal responsibility the statutes impose. Dittman Boot & Shoe Co. v. Nixon, et al., 120 Ala. 206, 24 South. 847.
The case of Lones v. Fidelity Loan & Trust Co., 7 S. D. 122, 63 N. W. 553, is not applicable here. That was an action against a mortgagee for failure to execute and deliver to the mortgagor “a certificate of discharge” under a statute providing:
“When any mortgage has been satisfied, the mortgagee or his assignee must, immediately on demand of the mortgagor, execute and deliver to him a certificate of the discharge thereof, and must, at the expenses of the mortgagor, acknowledge the execution thereof so as to entitle it to be recorded,” etc.
The rulings of the trial court were free from error, and the judgment is affirmed.
Affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.