Satisfaction of Mortgage

2 topics · 3 sources

Business

Banking

A document issued by a mortgagee (the lender) when a mortgage is paid in full.

The Office of the Comptroller of the Currency — Dictionary of Banking Terms and Phrases

: A document issued by a mortgagee (the lender) when a mortgage is paid in full.

Office of the Comptroller of the Currency, U.S. Department of the Treasury — Dictionary of Banking Terms and Phrases retrieved 2014-05-16

Business› Finance

Personal Finance

A document signed by a lender indicating that a mortgage has been fully paid and all debts satisfied. The document must be filed with the County Recorder (or Recorder of Deeds) to clear the title.

National Credit Union Administration — Pocket Cents Glossary retrieved 2014-05-16