Does section 196 of the Law of Property Act 1925 (LPA 1925) apply to LPA 1925, s 136? In Practice Note: Transferring a loan by legal assignment, the section ‘Transferring a loan by legal assignment—Requirements for a valid legal assignment’ refers to section 136 of the Law of Property Act 1925 (LPA 1925). Under LPA 1925, s 136(1) the assignment must be notified to 'any person from whom the assignor would have been able to claim such debt', ie the borrower and any guarantors. LPA 1925, s 196 applies to: • ‘Any notice required or authorised by this Act to be served…’ on a ‘…lessee, lessor, mortgagee, mortgagor, or other person to be served…’ (LPA 1925, s 196(3) and (4)) • notices required to be served by any instrument affecting property executed or coming into operation after commencement of the LPA 1925, unless a contrary indication appears (LPA