O.C.G.A.

O.C.G.A. § 44-14-42 (2019)

Mortgages to sureties and guarantors

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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Mortgages may be taken by sureties and guarantors to indemnify them against loss.

History

Orig. Code 1863, § 1965; Code 1868, § 1953; Code 1873, § 1963; Code 1882,

§ 1963; Civil Code 1895, § 2733; Civil Code 1910, § 3266; Code 1933, § 67-114.

Annotations

JUDICIAL DECISIONS O.C.G.A. § 44-14-42 is not a limitation, and it does not prevent a surety or endorser from taking other security.

Richey v. First Nat’l Bank, 180 Ga. 751, 180 S.E. 740, 1935 Ga. LEXIS 550 (1935).

RESEARCH REFERENCES ALR. Liability of grantee assuming mortgage debt to mortgagee or one in privity with him, 21 A.L.R. 439; 47 A.L.R. 339.

Liability of grantee assuming mortgage debt, to grantor, 21 A.L.R. 504; 76 A.L.R. 1191; 97 A.L.R. 1076. Liability to mortgagee of insurer which

pays loss to mortgagor, in absence of losspayable clause, 21 A.L.R. 1464. Valuation of “security” which must be deducted from claim of holder of mortgage, or interest in mortgage, to determine amount allowable on liquidation of

mortgage guaranty company, 115 A.L.R. 621. Mortgages effect upon obligation of guarantor or surety of statute forbidden, or restricting deficiency judgment, 49 A.L.R.3d 554.