MERS Law and Legal Definition
MERS is Mortgage Electronic Registration System. It is an innovative process that simplifies the way mortgage ownership and servicing rights are originated, sold and tracked. Created by the real estate finance industry, MERS eliminates the need to prepare and record assignments when trading residential and commercial mortgage loans.
Legal Definition list
Related Legal Terms
- Consumers Legal Remedies Act
- Difficult Customers
- Direct Marketing from Farmers to Consumers
- Disabled Customers
- Evidence Obtained Through Paid Informers
- Fairness to Contact Lens Consumers Act
- Farmers Market
- Farmers' Market Nutrition Program [FMNP]
- Mortgage Electronic Registration Systems [MERS]
- Non-Federal Government Customers
