Next Generation Bar Exam Quiz
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REAL PROPERTY
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In a state that follows the title theory of mortgages, a mortgagor borrowed money from a bank, giving the bank a mortgage on rental property. The mortgagor is current on the loan and has leased the property to a tenant. The bank, asserting its legal title, notifies the tenant to pay all future rent directly to the bank.
Who is legally entitled to receive the rent?
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