An agreement by which real property is hypothecated as security for a debt without transfer of possession.
A post-judgment order punishing contempt.
A testamentary writing disposing of property at death.
A certificate showing the notary's authority to act outside the county of residence.
Correct Answer
A. An agreement by which real property is hypothecated as security for a debt without transfer of possession.
AI Explanation
A mortgage is a security device, not a transfer of possession. The booklet's definitions section describes a mortgage as a contract by which property is hypothecated as security for a debt. Not to be confused with a deed or with a certificate of official character under Executive Law §132.
See the Correct Answer & AI Explanation
Instant feedback, law citations, and AI-powered explanations for all 500+ NY notary exam questions — free.
🔒 View Correct Answer & AI ExplanationNo credit card required · Interactive quiz simulator