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Alexander's British statutes in force in Maryland. 2d ed., 1912
Volume 194, Page 787   View pdf image (33K)
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4 & S W. & M. CAP. 16, CLANDESTINE MORTGAGES. 787
STATUTES
Made at WESTMINSTER, Anno Regni GULIELMI & MARIAE
quarto <& quinto; and A. D. 1692.
CAP. XVI.
An Act to prevent Frauds by clandestine Mortgages,
Whereas great Frauds and Deceits are too often practised
by necessitous and evil disposed Persons in borrowing of Money,
and giving Judgment, Statutes, and Recognizances privately,
for securing the repayment of the said Money, and the same
Persons do afterwards borrow Money upon Security of their
Lands of other Persons, and do not acquaint the latter lender
thereof with the same, whereby such late Lender is very often in
danger to lose his whole Money, or forced to pay off the Debts
secured by the said Judgments, Statutes, and Recognizance,
before they can have any Benefit of the said Mortgages: And
whereas divers Persons do many times mortgage their Lands
more than once, -without giving Notice of their first Mortgage,
whereby Lenders of Money upon Second or after Mortgages do
often lose their Money, and are put to great Charges in Suits
and otherwise: For remedy whereof, and preventing the same
as much as may be for the future,
II. Be it enacted by the King's and Queen's most Excel-
lent Majesties, by and with the advice and consent of the
* Lords Spiritual and Temporal, and the Commons in this 578
present Parliament assembled, and by the Authority of the
same, That if any Person or Persons, from and after the First
day of May which shall be in the year of our Lord One thousand
six hundred ninety and three, shall borrow any Money, or for
any other valuable Consideration, for the payment thereof,
voluntarily give, acknowledge, permit, or suffer to be entred,
against him or them, one or more Judgment or Judgments,
Statute or Statutes, Recognizance or Recognizances, to any
Person or Persons, Creditor or Creditors; and if the said Bor-
rower or Borrowers, Debtor or Debtors, shall afterwards take
up or borrow any other Sum or Sums of Money of any other
(51)

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Alexander's British statutes in force in Maryland. 2d ed., 1912
Volume 194, Page 787   View pdf image (33K)
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