Section 44-2-242. Creditor's certificate; endorsement of certificate  


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  •    (a) The following is a form of the creditor's certificate referred to in this article:
     
     
                                CREDITOR'S CERTIFICATE                             
     
     
                         State of Georgia,              County:                     
     
     
                             Registered Title No.                                         
     
     
                               Certificate No.                                     

          I hereby certify that the title to the estate hereinafter mentioned in 
       the following described land lying in said county,                         
                                                                                  
       is registered under the provisions of the Land Registration Law and thereby 
       vested in                                                                  
                                                                                  
       as security for a debt created by the holder of the owner's certificate of 
       title to said estate, (here insert name of the holder of the owner's 
       certificate); said debt being particularly described as follows:           
     
                                                                                  
       with power conferred to sell the same after lawful advertisement, without 
       foreclosure, in accordance with the provisions of the Land Registration 
       Law, if any part of said debt is not paid at maturity. The estate in said 
       land so held is as follows:                                                
                                                                                  
       subject to the following limitations, conditions, encumbrances, etc.,
     
                                                                                  
       and such other as may be noted hereon.
          Witness my hand and seal of office, this            day of             , 
           , at  :   . M.
     
                                                                                  
                                           Clerk, Superior Court,            County

    (Official Seal)

    (b) All uncanceled entries appearing on the certificate of title at the time the creditor's certificate is issued shall be noted and entered on the creditor's certificate.

    (c) The creditor's certificate shall bear an endorsement on its back in the following form:
     
     
                                CREDITOR'S CERTIFICATE                             
     
     
                             Registered Title No.                                  
     
     
                               Certificate No.                                     

          On lands registered in the name of                                      
     
                                                                                  
     
       Issued to                                                                  
     
       Georgia,            County.
          Entered and registered this      day of                                 ,
     
           , at  :   . M.
     
                                                                                  
     
                                         
                                                              Clerk, Superior Court
Ga. L. 1917, p. 108, § 108; Code 1933, § 60-623; Ga. L. 1999, p. 81, § 44; Ga. L. 2000, p. 136, § 44.