NotaryExamPrep logo NotaryExamPrep
Legal Terms & Definitions

"Mortgage On Real Property" means:

A

An oral promise to transfer land after death

B

An instrument creating a lien on real estate as security for a specified debt

C

A certificate issued by a county clerk to prove a notary's authority

D

A writing that transfers only possession at will

โœ“

Correct Answer

B. An instrument creating a lien on real estate as security for a specified debt

AI Explanation

The glossary treats a mortgage as a security device tied to debt. In "Definitions and General Terms," a mortgage on real property is an instrument in writing, duly executed and delivered, that creates a lien upon real estate as security for payment of a specified debt. For contrast, a lease transfers possession rights, not a security lien for debt.

Legal Terms & Definitions Question #290
๐Ÿ”’

See the Correct Answer & AI Explanation

Instant feedback, law citations, and AI-powered explanations for all 500+ NY notary exam questions โ€” free.

๐Ÿ”’ View Correct Answer & AI Explanation

No credit card required ยท Interactive quiz simulator