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)].