Certificate of No Defense Law and Legal Definition
Certificate of no defense refers to a legal instrument executed by a mortgagor setting forth the exact unpaid balance of a mortgage, the current rate of interest, and the date to which interest has been paid.
The following is an example of a case law on Certificate of no defense
A certificate of no defense executed by a mortgagor estopps him from setting up an alleged equity existing between himself and the mortgagee as against an assignee who has purchased the bond and mortgage for a valuable consideration, without notice of the alleged equity and upon the faith of the certificate of no defense. [Ft. Pitt Real Estate Co. v. Schaefer, 96 Pa. Super. 497 (Pa. Super. Ct. 1929)].
Legal Definition list
- Certificate of Need [Healthcare]
- Certificate of Naturalization
- Certificate of Merit [Medical Malpractice]
- Certificate of Manufacture
- Certificate of Mailing
- Certificate of No Defense
- Certificate of no Objection
- Certificate of Occupancy
- Certificate of Organization
- Certificate of Origin
- Certificate of Pending Litigation