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Exam term

Satisfaction

A document, also called a discharge, that records the release of a paid mortgage. Under Real Property Law § 275 a certificate of discharge must be given when the mortgage is fully paid, and presented for recording within thirty days.

Lessons that use this term

  • The mortgage and note, the mortgagor's duties, selling mortgaged property, and recording New York

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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