46:22-4 - Payments on and releases of mortgages upon real estate valid when assignments of mortgages not recorded - New Jersey Statutes

46:22-4.  Payments on and releases of mortgages upon real estate valid when  assignments of mortgages not recorded
    If an assignment of any mortgage upon real estate is not recorded as provided by section 46:18-3 of this title, any payments made to the assignor in  good faith and without actual notice of such assignment, and any release of the  premises so mortgaged, or any part thereof, to any person not having actual  notice of such assignment shall be as valid as if such mortgage had not been  assigned.