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Mortgage case clarifies payments on assigned security
In Matthews v Wallwyn and Co the court ruled that an assignee cannot demand more than the face amount due on the mortgage. The case held that the mortgagor must be privy to the assignment and that accounts must settle what is truly owed at the mortgage time and at the assignment time, with reconveyance possible on payment due.
MENTIONED IN THIS ARTICLE
Matthews
Wallwyn and CO
Zocol
Wallaryn Shepheard
Shepheard
Fokn Baker
Eig
Baker
Wallwyn Shepheard
Mr. Matthews
Fuen
W. Shepheard
Shéphéard
Hhercy and Co
Shephheard
Hearcy and Co
Bill
Hercey and Co
Imortgaged
Court of Chancery
Shepheare
I. Ee
Lord Chancettor
Wallywn and Co
Lord Thurlow
Lex
Lodge
St. Feha
Pitman
St. John
Pitmal
Fie
St. ‘John
Thurlow
Lords
Chartgate
Vernon
Eoin
Ihea
Allon
Lord Cuancettor