The mortgagee assigns its interest and the assignee records the assignment. The mortgagor now needs to make payments to the:

• A. Lender
• B. Mortgagor
• C. Assignee
• D. Trustee

Answer: (C)

When the mortgagee assigns its interest and the assignment is recorded, the debt is now owed to the new holder of the loan. The assignee becomes the creditor and the current beneficiary of the mortgage, so the mortgagor’s payments should go to that party. The recorded assignment provides public notice that the assignee holds the rights to collect and enforce the loan, so sending payments to the assignee is the proper, authorized path.

Paying the original lender wouldn’t reflect who actually owns the note anymore, and the trustee’s role is not to receive regular payments unless the loan documents specifically designate them as such.