Except as provided in Section 89-5-37, Mississippi Code of 1972, when the indebtedness, or any part thereof, secured by a mortgage, deed of trust, or other lien of record shall be assigned by the person appearing by the record to be the creditor, he shall be required by the assignee to enter the fact of the assignment on the margin of the record of the lien; and in default of making such entry, any satisfaction or cancellation of the lien or instrument evidencing it entered by the original creditor shall release the same as to subsequent creditors and purchasers for value without notice, unless the assignment be by writing duly acknowledged and filed for record; and every assignment by an assignee of any such lien shall be entered in like manner and with like effect in case of failure.
Structure Mississippi Code
Title 89 - Real and Personal Property
Chapter 5 - Recording of Instruments
Article 1 - General Provisions
§ 89-5-1. Recording instruments; conveyances, acknowledgment, priority
§ 89-5-3. Conveyances, mortgages; void if not lodged for record
§ 89-5-7. Written contracts in relation to land recordable
§ 89-5-9. Copies of certain records may be recorded
§ 89-5-11. Patents issued by United States or this state recordable
§ 89-5-15. Transfer of record; debt to be noted on record
§ 89-5-17. Assignments of indebtedness to be marked on record
§ 89-5-19. When a lien appears by the record to be barred, it ceases
§ 89-5-23. Oil, gas, and mineral leases; cancellation of record upon expiration
§ 89-5-27. Receipt for instruments delivered to chancery clerk for recording
§ 89-5-29. Mortgages and deeds of trust on land; how recorded
§ 89-5-35. How certain conveyances indexed
§ 89-5-39. Books of record not to be removed
§ 89-5-41. Records in counties divided into two districts