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2014 New York Laws
RPP - Real Property
Article 12 - (370 - 436) REGISTERING TITLE TO REAL PROPERTY
403 - Memorial to be carried forward.

NY Real Prop L § 403 (2014) What's This?
  403. Memorial to be carried forward. (a) Unless written application
  is made by a mortgagee, who acquires fee title to the premises,  not  to
  merge  said  mortgage with the fee title, the registrar shall delete the
  mortgage from the memorial on the certificate of title.

(b) Whenever a memorial or notation has been entered as  permitted  by
  this  article,  the  registrar  shall  carry  the  same forward upon all
  certificates of title  until  the  same  is  cancelled  in  some  manner
  authorized by this article.

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