The MERS system:
A)Allows for anyone to sign a deed and have it be valid.
B)Is the same as the public land recording system.
C)Allows for fictitious signatures for mortgage foreclosure.
D)None of the above

Question

Quizplus · Accepted Answer

None of the given choices accurately describe the MERS (Mortgage Electronic Registration System). The purpose of MERS is to electronically track changes in ownership and servicing rights of mortgage loans. It is not a system for validating signatures or allowing for fictitious signatures, and it is not the same as the public land recording system.

The MERS System