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Exam term

Mortgage release

Under Florida law, a release the mortgagee or servicer must execute and record within 60 days after full payment or payment under the estoppel letter; it does not discharge remaining personal liability.

Lessons that use this term

  • Lien and title theory, promissory notes, and mortgages Florida
  • Mortgage clauses: acceleration, due-on-sale, prepayment, defeasance, and subordination Florida

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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